What Happened? Santa Fe Real Estate Market 3rd Quarter 2025!
By Emily Medvec, Broker | Realtor | Santa Fe & Northern NM
(eXp Realty | Santa Fe)
As fall settles over the high desert, Santa Fe's real estate market in Q3 2025 (July-September) reflects a maturing correction from the pandemic-fueled frenzy of prior years. With inventory climbing and days on market extending, the landscape favors discerning buyers while rewarding strategic sellers. Drawing from local October 2025 Santa Fe New Mexico MLS data and with expert analyses, here's a concise snapshot for Santa Fe city and county, covering single-family homes, condos/townhomes, and vacant land.Overall, the market is tilting toward buyers, with new listings up 4.9% year-over-year in July and active inventory hovering around 2,000-2,027 properties across residential types. Median selling prices for homes held steady in the mid-$600,000s to low $700,000s, but absorption rates dr...
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