For the year, the number of sales of Single-family Homes were up; the rest of the market (Condos, Multi-family, Land, and Commercial were all down. With uncertainty and anxiety pervading the news, many potential buyers were putting real estate investments on hold.
The market continues to follow the same pattern, with gains in sales for single-family home sales, flat condo sales, and declines in multi-family, land and commercial. People are not as motivated to invest in real estate as they were a few years ago.
The anticipated upturn in 2025 for the Taos real estate market doesn’t seem to be happening. Although Single-family home sales are up, condo sales are flat, and Land and Commercial are down sharply. The outlook for the rest of the year is cloudy…