2023 Q2 – First Half
The Taos real estate market has cooled off from the super-hot conditions of 2020-2022—but it is still strong! Read more to learn what’s happening with prices, inventory, days on the market, and more.
The Taos real estate market has cooled off from the super-hot conditions of 2020-2022—but it is still strong! Read more to learn what’s happening with prices, inventory, days on the market, and more.
The market peaked in the third quarter of 2022, and then cooled from the frenetic pace that started in mid-2020.
Buyers seemed to be pausing to determine what would happen with interest rates and the probability of a recession. There are still more buyers than sellers, but market activity is less intense.
The market continues to slow down but it’s still solid. Closings continue to speed up, as the new title company has made a difference.
Sales of homes have just exceeeded last year’s pace; but this is probably due to the title companies catching up on closings.
Although the market continues to decelerate some, the chronic shortage of homes for sale means that prices should remain fairly firm.