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2020 finished strongly, as buying of single-family homes surged. An acute Inventory shortage coupled with a backlog of orders at title companies caused closed sales to be less than they would have been. Nevertheless, unit sales were up 24% over 2019, and they are now just 4% below peak year 2007. Prices are now above peak levels. Condo sales were down from 2019’s pace, due to an even more acute inventory shortage, as well as the much longer than normal time to close sales. Land sales were also down, but they look set to improve in 2021.

buyers, buying, commercial, commercial market, commercial sales, condo market, condo sales, condos, foreclosures, home sales, housing inventory, housing market, interest rates, investment property, land market, land sales, loans, market data, market report, mortgages, multi-family sales, real estate investment, real estate market, sales data, sellers, selling, Taos real estate, Taos real estate market data Market Report 33 Minutes Read (0)

Demand for homes and condos remains strong. Purchase contracts are taking much monger than normal to close, due to a major backlog at Taos’s two title companies. Therefore, the number of closed sales would be higher if this problem didn’t exist. Condo inventory is very low, and this has been a constraint on sales. Land sales are also lagging last year’s pace.

buyers, buying, commercial market, commercial sales, condo market, condo sales, condos, foreclosures, home sales, housing inventory, housing market, interest rates, investment property, land market, land sales, loans, market data, market report, mortgages, multi-family sales, real estate investment, real estate market, sales data, sellers, selling, Taos real estate Market Report 33 Minutes Read (0)

Note:   The data in The Lora Company report do not include Angel Fire, Eagle Nest, Red River and other areas that are in the Taos County Association of Realtors MLS, but which we don’t consider part of the main Taos market. The market continued strong in October.  Sales of single-family homes—by far the biggest segment…

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buyers, buying, commercial market, commercial sales, condo market, condo sales, condos, foreclosures, home sales, housing inventory, housing market, interest rates, investment property, land market, land sales, loans, market data, market report, mortgages, multi-family sales, real estate investment, real estate market, sales data, sellers, selling, Taos real estate Market Report 32 Minutes Read (0)

The residential market continues to surge! After the lull in April-May caused by the Covid-19 lockdowns, the market has roared back. The numbers of homes and condos going under contract are at record levels. Prices are rising, and the time it takes to sell is falling. Land and commecial sales are still slow.

buyers, buying, commecial sales, commercial market, commercial sales, condo market, condo sales, condos, foreclosures, home sales, housing inventory, housing market, interest rates, investment property, land market, land sales, loans, market data, market report, mortgages, multi-family sales, real estate investment, real estate market, sales data, sellers, selling, Taos real estate Market Report 29 Minutes Read (0)

After a drop earlier in the year due to the onset of the Covid-19 pandemic, single-family home sales have surged in the past two months. The market is hot! The number of properties going under contract has jumped to levels not seen before. Covid-19 has added a new wave of buyers to a market that has been steadily gaining momentum for the past several years, as people seek a home in a less populous area for future emergencies.

buyers, buying, commercial market, commercial sales, condo market, condo sales, condos, foreclosures, home sales, housing inventory, housing market, interest rates, investment property, land market, land sales, loans, market data, market report, mortgages, multi-family sales, real estate investment, real estate market, sales data, sellers, selling, Taos real estate Market Report 29 Minutes Read (0)

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Contact The Lora Company

225 Kit Carson Road
Taos, NM 87571
Click for Google Maps
ph. 575.758.3275
fax 575.758.5724

Peter A. Lora
NM License No. 17543
peter@theloraco.com
ph. 575.770.7243

Maria Figliolia
NM License No. 42734
mariafig@newmex.com
ph. 575-779-0285

Sanjay Poovadan
NM License No. 45362
sanjay@taosrealestatepartners.com
cell. 575-779-1021

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225 Kit Carson Road - Taos, NM 87571
575.758.3275