Market Intelligence Report — NM-340

Taos, NM

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

Ref. No: 2026-NM-09
As of the latest 2026 data
Very Weak

Median Listing

$594K
-0.9% YoY

Pending Ratio

0.14
-4.6% YoY

Active Inventory

357
+12.4% YoY

Median DOM

115 Days
+15.1% YoY

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The Taos market currently exhibits very weak demand absorption, with a pending ratio of 0.14, significantly below the 0.25 threshold for even the weakest market conditions. Active listings have expanded by 12.4% year-over-year, indicating a considerable increase in available supply relative to transaction volume.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Taos market right now.

Active listings in the market have increased by 12.4% over the past year, while new listings experienced a modest decline of 4.5% year-over-year. The median listing price has softened by 0.9% year-over-year, mirroring a similar decline in the median price per square foot. Demand, as reflected by the pending ratio, saw a notable year-over-year decrease of 4.6%. Properties are remaining on the market longer, with median days on market extending by 15.1% over the past year.

Historical Analysis

Market Trends

Median Price

$594K-0.9% MoM

Active Inventory

357+12.4% YoY

Days on Market

115+15.1% YoY

Sold Score™

23-4.6% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

23
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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

The current market dynamics suggest a significant lack of urgency in demand, placing considerable pressure on sellers regarding price discipline. The elevated inventory levels, coupled with the extended median days on market, indicate that properties are taking longer to move, necessitating competitive pricing strategies. The pace of transactions is slow, with limited absorption of available supply.

Luxury Segment

While the overall median listing price experienced a modest year-over-year decline, the average listing price increased by 5.9% over the past year. This divergence, coupled with a median price per square foot decrease, suggests some variability within the higher price tiers, though not a clear signal of broad luxury segment softness.

Supply Dynamics

357 active listings represent the current floor, with new supply arriving at roughly 42 per month.

Pricing Pressure
10.8%

of active listings carry a price reduction, -1.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -0.5% year-over-year.

Absorption
0.14

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Taos, NM? Homes here are taking 15 days longer to sell than last year.

Buyers have leverage in Taos, NM. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
14%
Median Days on Market
115 days
Inventory YoY
+12%

In a buyer's market, strategy beats timing. See how your home scores in Taos, NM and what moves the number.

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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 0.14 with median days on market at 115.

  • Are home prices dropping in Taos?+

    Median listing price is $594K, -0.9% year over year. 10.8% of active listings carry a price reduction.

  • How fast are homes selling in Taos?+

    The typical listing sits 115 days on market, a +15.1% change YoY. New listings are arriving at 42 per month.

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

    While the overall median listing price experienced a modest year-over-year decline, the average listing price increased by 5.9% over the past year. This divergence, coupled with a median price per square foot decrease, suggests some variability within the higher price tiers, though not a clear signal of broad luxury segment softness.

  • 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