Taos Real Estate

Through the first nine months of 2024, the number of sales of Single-family Homes, Condos and Land are all down compared to 2023 for the same time frame. The market deceleration that began in 2023 following the 2020-2022 super-hot market has continued. House prices that are 40% or more higher than than they were four years ago, interest rates 3-4% more than what people had got used to, preoccupation with the November elections, and concerns about the economy, increasing government debt and the tense geopolitical situation, have all combined to dampen interest in real estate.