Santa Fe, NM
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's cooling Santa Fe market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Santa Fe, NM.
The Santa Fe residential market is currently exhibiting cooling dynamics, marked by a pending ratio of 0.31, which indicates demand absorption is not keeping pace with available supply. While active listings have seen a marginal year-over-year contraction of 0.5%, the overall market activity suggests a deceleration.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
Job Market
Data not yet available.
Shows whether local employment conditions are supporting buyer demand.
Population & Migration
Data not yet available.
Shows whether the area is gaining or losing potential housing demand.
Future Housing Supply
Building permits (private housing units) · Jul 2026
Shows whether future inventory pressure may increase.
U.S. Census Bureau building permits via FRED (St. Louis Fed).
What's moving the Santa Fe market right now.
Active listings have remained relatively stable year-over-year, declining by only 0.5%, yet new listings have contracted more significantly by 8.3% over the past year. Despite this reduction in new supply, the pending ratio has decreased by 2.9% year-over-year to 0.31, indicating a weakening in demand relative to available inventory. Median listing prices remain flat year-over-year, though a month-over-month decline of 1.2% was observed in the most recent period. The share of price-reduced listings has increased by 1.7% year-over-year, reaching 20.6%.
“Local pricing and inventory dynamics across Santa Fe shift block by block — happy to walk through what's actually closing.”
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
With a pending ratio of 0.31 and a rising share of price reductions, the current market environment suggests a reduced sense of urgency for prospective purchasers. This dynamic may afford buyers more time for property evaluation and potentially greater leverage in price negotiations. Sellers may need to practice greater price discipline to align with prevailing demand conditions.
The significant spread between the average listing price ($1,280,751) and median listing price ($799,000) suggests a bifurcation in market performance. However, with median $/sqft showing a modest year-over-year decline of 1.2% and average listing prices remaining stable year-over-year, there is no distinct signal of pronounced softness specifically within the luxury segment in this dataset.
819 active listings represent the current floor, with new supply arriving at roughly 220 per month.
of active listings carry a price reduction, +1.7% from prior period.
Median price per square foot has moved -1.2% year-over-year.
Pending-to-active ratio — Cooling.
Recommended For This Market
CoolingSelling in Santa Fe, NM? Buyer Demand Index is running at 31%.
Buyers have leverage in Santa Fe, NM. Homes that sell are the ones priced and presented for today's conditions, not last year's.
- Buyer Demand Index
- 31%
- Median Days on Market
- 72 days
- Inventory YoY
- −0%
In a buyer's market, strategy beats timing. See how your home scores in Santa Fe, NM and what moves the number.
See my Sold Score & selling strategy →Talk to a listing expert who is actively selling in Santa Fe, NM.
Francesco Crisafulli →Keller Williams Realty
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Metro Demographics
ZIPs in Santa Fe, NM
87505
santa fe
$840K
173 active · 71 DOM
87507
santa fe
$535K
149 active · 59 DOM
87506
santa fe
$1.95M
148 active · 86 DOM
87501
santa fe
$899K
148 active · 74 DOM
87571
taos
$599K
126 active · 106 DOM
87508
santa fe
$748K
111 active · 69 DOM
87529
el prado
$512K
52 active · 87 DOM
87557
ranchos de taos
$700K
52 active · 92 DOM
87558
red river
$599K
39 active · 75 DOM
87520
chama
$403K
28 active · 70 DOM
87532
espanola
$400K
27 active · 123 DOM
87556
questa
$395K
17 active · 129 DOM
87544
los alamos
$669K
15 active · 37 DOM
87547
white rock
$787K
15 active · 37 DOM
87525
taos ski valley
$695K
14 active · 89 DOM
87540
lamy
$1.20M
12 active · 99 DOM
87551
los ojos
$325K
12 active · 154 DOM
87552
pecos
$695K
12 active · 47 DOM
Sorted by active inventory · click a ZIP for its full report
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