Market Conditions for Taos, New Mexico

Asked by , West New York, NJ Fri Nov 4, 2011

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Greg Riley CRS, e-Pro,REC’s answer
Greg Riley C…, Agent, Albuquerque, NM
Fri Nov 4, 2011
Good Afternoon,,,,Well Prices are up 4.5% This year Invenories are improving (Declining) about a 10 Percent reduction in the number of Avaialbe Homes for sale,,However Short sales continue to Drive the market amounting to 30-40 Percent of the market which is holding home values down,,Foreclosure are at a minimum due to the Loan Mod Programs and Short Sales activiy which has become the New Foreclosure,,Hope thats helpful,,
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Boris Russa…, Agent, Weston, FL
Fri Nov 4, 2011
Your experienced local Real Estate Agent can provide this information for you.
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