About Inventory, Prices & Demand

Dated: October 16 2023

Views: 142

Copyright_MedvecMedia_SantaFe_NM_Aerial_2023

October is another month of a different real estate market. Without being specific to Santa Fe, New Mexico, this snapshot of the US market may help explain what is going on.

  • Available inventory of unsold homes on the market continues to climb at its fastest rate all year.
  • The total count of unsold single family homes grew by 9,000 this week, which is very unusual for this late in the year.
  • It’s important to note that this amazing inventory growth is from weaker-than-normal demand, not from a surge of sellers.
  • The question is whether we’ll see inventory grow in November, which would be unheard of and would be a bearish indicator for home prices in 2024.

Stay tuned for updates. If you have any interest is moving, let's connect and look at your options, what is possible and how you can benefit from this market. I am available to help you outthink this market turbulence. Just give me a call. Thank you for reading, Emily Medvec 505-660-4541

Search All Santa Fe NM Homes For Sale With Price Reduced Today

See Santa Fe NM Market Report For All Santa Fe Areas and Neighborhoods Today

Blog author image

Emily Medvec

Passionate about Santa Fe and possessing an unparalleled understanding of its real estate market, Emily Medvec is the partner you need in these times of flux and transformation. Our local property lan....

Latest Blog Posts

Jan 15th 2024 Santa Fe Inventory & Median Price Update

Yes, it is early January 2024. However, being specific to Santa Fe today and in relation to Janary 2023, this can be your benchmark and clue to track what is happening in our local market.

Read More

NEW PRICE: 138 Fiesta St For Sale Near Plaza @ 389k!

Unlock the full potential of this downtown Santa Fe property! This Champion, single level home with no interior steps, sits on an expansive .78 acre lot, and it comes with a separate detached 

Read More

About Inventory, Prices & Demand

October is another month of a different real estate market. Without being specific to Santa Fe, New Mexico, this snapshot of the US market may help explain what is going on. Available inventory of

Read More

Look Who Is Moving! Grandparents! Why?

Grandparents Are Moving To Be Closer to Their Grandkids!During the pandemic, many people distanced themselves from their loved ones for health reasons. Grandparents were told to stay away

Read More