by Jerome Leyba
on Monday, March 22nd, 2021 at 11:44pm.
Santa Fe market report update. Another consistent week of low inventory. There is a total of 247 homes currently on the Santa Fe market. There was a total of 37 sales that took place this week. The median price point for sales was $439,000. Rates have stayed relatively consistent but are still a bit up from what they were. Some of our clients in the last month were locking in 2.7% on their interest rates. Right now 3.09% is the current rate with solid credit scores.
There are opportunities in new builds that are currently not on the market. Many of our clients have been able to solidify contracts with new inventory. The current homes on the market are still moving within two weeks of the contract dates of being placed on the market. Anything going past the two-week point is more than likely due to pricing. We have a new listing coming available in Los Alamos. Contact us for more details.