Numbers we like to see

The sales and inventory of Santa Fe residential real estate is continuing to come into balance! Some areas actually have less than a 6 month supply of homes for sale (based on current volume of sales) and the overall market keeps getting better every month.

An area with less than a six month supply of inventory would be defined as a seller’s market, but if the inventory is in excess of a six month supply, that is a buyer’s market. We have been in a buyer’s market for almost all of the last five years.

Ideally, sellers and buyers would be on equal footing in their negotiations, not pushed around by overall market conditions that favor one side or the other. It will be a treat to arrive at the day where the property attributes are at least as important as the price. But buyer’s have been so locked in to finding bargains and great values, price will still continue to top the list of what buyers look for when home shopping.

I personally am looking forward to a fruitful and interesting year in 2013. If you actually read these posts, I respect you for that,

and thanks as always for visiting and may your Holidays be cheerful and warm!

home-sales-rise

Posted in Posts & Updates.

The writer is a 68 year-old young man engaged as an active REALTOR (associate broker) with Keller Williams, in real estate sales and management in the Santa Fe NM market area. My career has been in and around the real estate industry for more than 35 years, ranging from mortgage lending (interim, commercial, residential); residential property management and leasing; shopping center development and leasing; real estate sales; sales training; title insurance as an executive and an escrow officer; various management positions; consulting and other related activities. That plus a bunch of banking experience including our family-owned Bank of Santa Fe in the 1980s. Where has the time gone?
My background means you have my working knowledge of the entire transaction process at your disposal. That comes with honesty and no bullshit.