Market Intelligence Report — NM-140

Santa Fe, NM

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-NM-05
As of the latest 2026 data
Cooling

Median Listing

$835K
+5.7% YoY

Pending Ratio

0.38
+4.2% YoY

Active Inventory

675
-4.9% YoY

Median DOM

53 Days
-7.0% YoY

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The Santa Fe market is currently Cooling, with a pending ratio of 0.38 indicating that demand absorption is moderate relative to available supply. While the median listing price has increased 5.7% year-over-year, this is set against a backdrop of contracting inventory.

Market Analysis

What's moving the Santa Fe market right now.

Active listings have decreased by 4.9% year-over-year, and new listings have seen a substantial 17.1% decline over the same period. Despite this, the pending ratio, currently at 0.38, suggests that the pace of properties going under contract is not sufficiently robust to create significant upward pressure. Median days on market have decreased by 7.0% year-over-year, indicating some velocity, but the overall market dynamic points to a softening condition.

Nohelia Crisafulli
Nohelia Crisafulli
Keller Williams Realty

Local pricing and inventory dynamics across Santa Fe shift block by block — happy to walk through what's actually closing.

Historical Analysis

Market Trends

Median Price

$835K+4.4% MoM

Active Inventory

675-4.9% YoY

Days on Market

53-7.0% YoY

Sold Score™

47+4.2% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

47
Jun 23May 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Jun 23May 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Jun 23Jan 24Aug 24Mar 25Oct 25May 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

In a Cooling environment, negotiating leverage begins to shift, with buyers potentially having more opportunities to exercise price discipline. The pace of transactions, although showing some acceleration in terms of days on market, is not translating into strong inventory absorption. This suggests that while properties are moving, sellers may need to approach pricing strategically to attract offers.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

675 active listings represent the current floor, with new supply arriving at roughly 252 per month.

Pricing Pressure
16.8%

of active listings carry a price reduction, +0.3% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -1.3% year-over-year.

Absorption
0.38

Pending-to-active ratio — Cooling.

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Metro Demographics

Metro Area
Santa Fe, NM
CBSA Code
42140
State
NM

ZIPs in Santa Fe, NM

Sorted by active inventory · click a ZIP for its full report

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