Taos real estate has enjoyed a sustained 10+ year run of steady price appreciation. I just posted about the current high inventory of homes listed, and it was interesting to see this post about national home prices come through my feed reader this morning.

True, the Taos real estate market doesn’t track with the national averages, but the general information in Joe Ferrara’s post is interesting and points out the fact that high inventories generally translate into lower prices. Vacation homes normally don’t fall into the must-sell category, so Taos has held the line on pricing better than most areas of the country. However, the national housing economic woes do translate into fewer buyers.

Listing brokers should be doing CMAs (Comparative Market Analysis) for their seller clients regularly. If your home has been listed for six months, nine months or longer, get an updated CMA. Pay particular attention to the number of competitive homes in your price range and area now in relation to the last CMA.

photo credit: Krissi AKA Kiki

Subscribe and get all of our posts automatically. Click for monthly email newsletter

or click for RSS news feed of every post. Thanks!

All posts protected by Electronic Serial Number (ESN) for copyright.

Unless quoted from others, or attributed to others, the content of this site is my “personal opinion.” Do not use my information to make investment, purchase or other decisions without consulting experts of your choice. None of my opinion information is intended to in any way give legal advice. Consult an attorney for all legal questions.

Comments and discussion are encouraged on this site. Comments are the property and responsibility of the commenter, not the site. I do not need to agree with a comment to leave it as posted, though comments that might be construed to be libelous may be removed.