Tuesday, October 16, 2012

Change ahead for Santa Fe housing market

Something has to give in Santa Fe’s housing market.

The September numbers for home sales show that the summer sizzle ended with a bang as there were 164 closed residential sales — the best September since 2006, according to data compiled by Alan Ball of Keller Williams Real Estate. Adding in the total number of sales from July through September brings 451 closed sales in the busiest season, up 35 percent from the same three months of 2011. 


And this comes at a time when inventory has dropped significantly. At the end of September, there were 1,500 active listings countywide, according to the Santa Fe Association of Realtors — a 41 percent drop from a year ago. Read More...

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