In my job with the New York Times as the Real Estate Business Guide writer, I follow national and regional real estate trends closely. It’s certainly no secret that the mortgage problems and increasing foreclosure inventories are creating quite a different national real estate market than we’ve experienced in the last ten years or so.

This morning I wrote a blog post with graphs showing the plummeting Case-Shiller Home Price Index. Though Trulia.com does not have all the Taos County MLS listings in its database, they have a couple of hundred. Looking at the continually updated chart at the bottom of this site’s statistics page, a different trend is indicated by listing prices in the Taos real estate market.

Taos real estate sales volumes have certainly been down significantly over the last year or so. However, consistently the prices haven’t declined as much. There have just been fewer transactions. The Trulia.com graph shows a sharp average listing price decline from May through October 2007. Now the trend has crossed the $400k line sharply to the upside. Perhaps we’re going to “buck the trend.” Of course, listing isn’t selling.

Please listen to my audio recording discussing home prices in Taos.  Click for Audio

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