The Lyon Group Sotheby's International Realty | Santa Fe, New Mexico
Subject: Santa Fe Market Update | August 2026 Dear Clients and Friends, Through August 2026, the overall Santa Fe market has moved into buyer's-market territory based on Months Supply. Homes for sale increased 18.1% year over year to 920, while closed sales rose 3.0% to 171. Median sales price increased 9.4% to $694,986, and months supply reached 6.5, giving buyers more choices while reinforcing the importance of precise pricing and presentation for sellers. Metric Homes for Sale Closed Sales Median Days on Market Months Supply Median Sales Price Median $ per sq. ft.
Overall August 920 171 25.0 6.5 $694,986 $358
Overall Year over Year +18.1% +3.0% -7.4% +30.0% +9.4% +2.0%
>$1.5m August 253 27 49.0 12.2 $1,930,000 $505
>$1.5m Year over Year +9.5% +80.0% +88.5% +22.0% +10.3% -9.7%
For homes priced over $1.5 million, August produced 27 closed sales, an 80.0% year-over-year increase from a relatively small comparison base. Inventory rose 9.5%, median days on market increased to 49, and months supply reached 12.2. Sellers achieved 95.2% of their last list price, indicating meaningful buyer leverage despite a 10.3% increase in median sales price to $1,930,000. Market conditions vary substantially by price. The market below $850,000 remains balanced at 4.9 months of supply, while all higher price bands favor buyers, with leverage increasing materially as prices rise. As always, we are happy to provide a confidential home valuation or discuss available homes tailored specifically to your requirements. Thank you. Warm regards, Chuck Russell Associate Broker The Lyon Group | Sotheby's International Realty
Market Update | As of August 2026
Santa Fe Market Dashboard 3-Month Seasonally Adjusted Trends • Closed Sales: -4.7% vs same 3 months last year • Homes for Sale: +7.5% vs same 3 months last year • Median Days on Market: +8.5% vs same 3 months last year
Market Update | As of August 2026
Santa Fe >$1.5M Market Dashboard 3-Month Seasonally Adjusted Trends • Closed Sales: +7.5% vs same 3 months last year • Homes for Sale: +2.5% vs same 3 months last year • Median Days on Market: +37.3% vs same 3 months last year
Market Update | As of August 2026
Santa Fe Inventory by Price Band August 2026 | Months of Supply and Market Balance Seller's market: below 4 months | Balanced market: 4-6 months | Buyer's market: above 6 months
Price Band
Months of Supply
Market Condition
Under $850K
4.9
Balanced Market
$850K-$1.499M
7.0
Buyer's Market
$1.5M-$2.999M
10.3
Buyer's Market
$3M+
19.7
Buyer's Market
What this means for buyers and sellers The market is balanced below $850,000, but every price band above $850,000 favors buyers. Buyer leverage increases materially with price, reaching 19.7 months of supply at $3 million and above. Sellers in the higher price bands should expect greater competition and place added emphasis on pricing, condition, and presentation. Source: Santa Fe Association of REALTORS Data Exchange, Inc., InfoSparks / ShowingTime. Data through August 2026.
Market Update | As of August 2026