How competitive is the Santa Fe housing market?

Santa Fe is moderately competitive as of September 2026, with a Sold Score of 39/100 (Challenging Market Conditions). **Pending ratio** is 0.31 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is +0.9% — more choices for buyers than a year ago. **Median days on market** is 81. Faster than 30 days means buyers are deciding quickly. **Price-reduction share** is 33.4% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (September 2026): Sold Score: 39/100 (Challenging Market Conditions) · Pending ratio: 0.31 · Inventory YoY: +0.9% · Median days on market: 81 · Sellers cutting price: 33.4% · Median listing price: $776,500 (-5.4% YoY)