A new report from the national Association of Realtors showed that there’s a direct relationship between low inventory of homes in Santa Fe and rising prices.

We all know about supply and demand. As the supply for an item that’s in high demand goes down, the prices go up. As such, the price of homes in Santa Fe has been gradually increasing over the past year.

Nationwide, this was also the case, as the median price of homes sold in November was $234,900, which is an increase of 6.85 from last year.

But this is good news! Now home owners are able to sell at higher prices and move into their dream home, or downsize as the case may be.

This all means that now is the time to either buy or sell your home in Santa Fe. You should buy now before prices continue to increase.  You should sell now because you’ll get a good selling price compared to last year. Contact us today to see how we can help you get the best price, whether you're buying or selling your home in Santa Fe.