Market activity–especially for homes and condos–is intense: multiple offers are common, with buyers often offering above asking price. This sort of market behavior has rarely occurred in Taos, even during the boom years of 2000 – 2007. Spurred by the work-from-home paradigm that the Covid-19 pandemic created, and fueled by interest rates that remain extremely low, robust demand for homes and condos in Taos is expected to continue into the foreseeable future. Even multi-family sales–a very small segment of the market–have picked up some. Land sales are way up vs. last year, as some frustrated home buyers are deciding to build instead of searching in vain for an existing home to buy. Commercial sales are still zero for the year through July.
Note: The data in The Lora Company report do not include Angel Fire, Eagle Nest, Red River and other areas which are in the Taos County Association of Realtors Multiple Listing Service (MLS), but which we don’t consider part of the main Taos market. Intense market activity for Taos continues, especially for homes and condos:…
The market continues hot! There has been no let-up from last year’s surge. Fueled by the work-from-home paradigm that the Covid-19 pandemic created, and by extremely low interest rates, market activity hit a new high gear last year. The momentum continues in 2021. Robust demand for property in Taos is expected to continue into the foreseeable future. Sales of homes and condos are running well ahead of last year’s pace, despite very low inventory of homes and condos listed for sale. Land sales are also way up.
The market is humming! The nationwide buying surge in rural areas that began last year due to the Covid-19 pandemic has continued into 2021; it shows no sign up easing even though the pandemic appears to be getting under control. The Taos market experienced something of a buying stampede last year. Robust demand for property in Taos is expected to continue into the foreseeable future. Sales are running well ahead of last year’s pace, despite very low inventory of homes and condos listed for sale.
The Taos real estate market is off to a vigorous start in 2021, with sales of homes, condos and land well above last year’s pace for the year to date. It looks like buyer interest in Taos property will continue to be strong this year!