Market Intelligence Report — NM-340

Taos, NM

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

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

Median Listing

$589K
-9.2% YoY

Pending Ratio

0.19
-4.1% YoY

Active Inventory

304
+30.5% YoY

Median DOM

98 Days
+23.4% YoY

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The Taos market currently presents as Very Weak, characterized by a pending ratio of 0.19, indicating that demand absorption is severely lagging supply. Active listings have expanded by 30.5% year-over-year, further contributing to the subdued market conditions.

Market Analysis

What's moving the Taos market right now.

The market has experienced a significant increase in active listings, rising by 30.5% year-over-year, while new listings have also seen a substantial 37.5% increase over the past year. Concurrently, the median listing price has declined by 9.2% year-over-year, even as it observed a 2.7% month-over-month increase. The pending ratio has also decreased by 4.1% year-over-year, underscoring the overarching trend of weakening demand relative to available inventory.

Historical Analysis

Market Trends

Median Price

$589K+2.7% MoM

Active Inventory

304+30.5% YoY

Days on Market

98+23.4% YoY

Sold Score™

17-4.1% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

17
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

With a pending ratio of 0.19 and a 30.5% year-over-year increase in active listings, negotiating leverage heavily favors those seeking to acquire property. The decelerated pace of transactions and expanding inventory levels necessitate price discipline from sellers to align with prevailing demand conditions. Concurrently, median days on market have extended to 98, representing a 23.4% increase over the past year.

Luxury Segment

The average listing price has decreased by 8.2% year-over-year, while the median listing price has declined by 9.2% over the same period. The median price per square foot remains unchanged year-over-year. This disparity suggests some softening within the upper echelons of the market, potentially indicating price corrections at higher price points more than overall market weakness at value.

Supply Dynamics

304 active listings represent the current floor, with new supply arriving at roughly 88 per month.

Pricing Pressure
10.5%

of active listings carry a price reduction, -0.9% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +0.0% year-over-year.

Absorption
0.19

Pending-to-active ratio — Very Weak.

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Metro Demographics

Metro Area
Taos, NM
CBSA Code
45340
State
NM
Analysis FAQ
  • What is the current market condition in Taos?+

    As of the latest 2026 data, the Taos metro is classified as Very Weak. Pending ratio is 0.19 with median days on market at 98.

  • Are home prices dropping in Taos?+

    Median listing price is $589K, -9.2% year over year. 10.5% of active listings carry a price reduction.

  • How fast are homes selling in Taos?+

    The typical listing sits 98 days on market, a +23.4% change YoY. New listings are arriving at 88 per month.

  • What's happening in the Taos luxury market?+

    The average listing price has decreased by 8.2% year-over-year, while the median listing price has declined by 9.2% over the same period. The median price per square foot remains unchanged year-over-year. This disparity suggests some softening within the upper echelons of the market, potentially indicating price corrections at higher price points more than overall market weakness at value.

  • Where can I find a trusted Taos real estate expert?+

    Primpted maintains a vetted registry of Taos agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 45340 · 36mo history