Santa Fe Association Of Realtors 3rd Quarter Stats 2014

Santa Fe Association Of Realtors 3rd Quarter Stats 2014

Markets across the nation seem to be back on the recovery track after a brief 
pause. One of the more encouraging aspects of this renewed recovery is that 
new construction of single-family homes reached six-year highs in August, 
according to the U.S. Commerce Department. Consumers are also finding more 
listings in their search results than they have in years. Inventory is rising in many 
neighborhoods as higher prices have motivated more sellers to list.

Santa Fe, New Mexico - 3rd Quarter MLS stats -

New Listings in the Santa Fe region decreased 12.2 percent to 984. Pending 
Sales were down 29.5 percent to 435. Inventory levels rose 0.6 percent to 2,315 

The Median Sales Price decreased 0.9 percent to $315,000. Days on Market 
was up 3.8 percent to 160 days. Sellers were encouraged as Months Supply of 
Inventory was down 1.5 percent to 12.7 months.

The departure of investors from the scene should benefit first-time homebuyers, 
but student debt and sluggish wage growth have slowed that transition. The 
economy is growing, but it's growing at a slower pace than desired. Thankfully, 
inflation remains tame, partly enabling the Federal Reserve to keep rates low for 
longer, contrary to the forecasts of most economists.

Anthony Atwell Headshot
Phone: 505-670-2177
Dated: October 13th 2014
Views: 173
About Anthony: Santa Fe Real Estate, fine homes and land, is my specialty. I have been a Santa Fe Realtor for 28 ye...

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