Here's more on the latest Santa Fe
from Alan Ball, general manager of
in Santa Fe. If you're trying to sell.
"I personally would like to write more upbeat news and share more positive information with each of you," Ball writes in his latest monthly newsletter, released July 10. "But
for the umpteenth month in a row, the statistics do not show any measurable improvement
in Santa Fe area home sales."
There are more and more homes on the market, but fewer getting sold. Especially slow-moving are million-dollar-and-up homes, no matter how ugly. See?
At this rate, Ball writes, it now takes an average of two years for the market to absorb Santa Fe's housing inventory. That's up from an average of eight months at the end of 2006.
So what's the takeaway? Ball explains:
SFR started noticing
a couple of months ago.
(Sadly, the above photo is not from a Santa Fe real estate listing. It's from
.)
