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Here’s the 4th quarter market_report for Santa Fe. It shows a slight fall in average home price, and a drop of 18% in homes on the market. We are certainly not immune from the national trends, and the average number of home sales monthly has dropped from about 180 to 120, although we’ve seen a slight uptick in January.
What does it mean? A great time to get into Santa Fe, with loans available at around 5.5% and sellers getting the message that they need to sharpen their pencil on pricing.
In my own business, I am noticing no fall in the desire of people to buy a home in Santa Fe, for vacation or retirement – and just as soon as they 
sell their property in Connecticut, California, Arizona or Florida – to name 4 clients in the wings – they’ll be hot footing it to the City Different.
So as the market nationwide shakes out through this year, I think Santa Fe’s steady-as-she-goes market conditions will return.
