| There is a large inventory of homes to choose from and most are very well priced. Interest rates are still exceptionally low and, of course, cash is still accepted. This is a good time to be a buyer. But don’t wait too long to act- seize the opportunity now.
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| For Sold Prices $1 Million and above – within Santa Fe City and County
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| as of DATE
|
# OF LISTED HOMES
|
# OF SOLD HOMES (PREVIOUS 12 MONTHS)
|
AVG. # OF SOLD HOMES PER MONTH
|
# OF MONTHS TO ABSORB INVENTORY
|
| 12/31/04
|
228
|
107
|
8.92
|
25.57
|
| 12/31/05
|
269
|
146
|
12.17
|
22.11
|
| 12/31/06
|
292
|
172
|
14.33
|
20.37
|
| 12/31/07
|
322
|
162
|
13.50
|
23.85
|
| 6/30/08
|
412
|
139
|
11.58
|
35.57
|
| 9/30/08
|
423
|
132
|
11.00
|
38.45
|
| 12/31/08
|
342
|
124
|
10.33
|
33.10
|
| 3/31/09
|
352
|
118
|
9.83
|
35.80
|
| 6/30/09
|
383
|
91
|
7.58
|
50.51
|
| 9/30/09
|
376
|
78
|
6.50
|
57.85
|
| 12/31/09
|
285
|
73
|
6.08
|
46.85
|
| 1/31/10
|
255
|
69
|
5.75
|
44.35
|
| 2/28/10
|
285
|
73
|
6.08
|
46.85
|
| 3/31/10
|
282
|
78
|
6.50
|
43.38
|
| 4/30/10
|
288
|
77
|
6.42
|
44.88
|
| 5/31/10
|
315
|
83
|
6.92
|
45.54
|
| 6/30/10
|
341
|
87
|
7.25
|
47.03
|
| 7/31/10
|
350
|
91
|
7.58
|
46.15
|
| 8/31/10
|
354
|
86
|
7.17
|
49.40
|
| 9/30/10
|
332
|
78
|
6.50
|
51.08
|
| 10/31/10
|
302
|
70
|
5.83
|
51.77
|
| 11/30/10
|
298
|
71
|
5.92
|
50.37
|
| 12/31/10
|
| Statistics in this newsletter are Santa Fe Association of Realtors – Multiple Listing Service.
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