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!
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.