New listings of homes across the US down sharply.

It’s too early in the year to discern any trends in the Taos real estate market. Logic would suggest that the Covid-19 pandemic will have a negative effect on the market. The impact on the US economy will be severe, and this will dampen demand for vacation and second homes in the short term. However, in the long run, the pandemic may actually increase demand, as people seek a good place to escape to should another pandemic or other emergency arise.