Do you ever wonder what can happen in real estate in 7 days? Today I got a call about Santa Fe? They wanted to know what happened in our local Santa Fe real estate in the past 7 days. They believed looking a real estate stats in a 7 day time stretch was a good indicator about what to do next. This is what I reported happened for land, home and condo properties in Santa Fe County, New Mexico in the past 7 days from today (June 7, 2015).
73 new properties arrived with prices ranges $72,800 to $2,971,000;
78 properties had price changes with price ranges from $59,900 to $1,995,000.
283 properties are currently under contract in price ranges from $59,000 to $2,995,000
55 homes were SOLD price ranges from $65,000 to $2,050,000
I think 7 day time stats give some indication of activity in the market. The trend I see is our inventory contines to remain low given number of homes under contract or sold in past 7 days vs new properties on the market. In your experience do you see any value in this data snapshot? What is your take?
If Santa Fe is on your radar to buy or sell, check out all properties on the market (click here).