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The year got off to a fast start, with January increases in sales of single-family homes, condos and land. This year looks to be another strong year.

buyers, buying, commercial, commercial market, commercial sales, 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 data Market Report 17 Minutes Read (0)

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)

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.

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, 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 24 Minutes Read (0)

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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The Lora Company

Copyright © 2021 The Lora Company Taos Real Estate

225 Kit Carson Road - Taos, NM 87571
575.758.3275