Town of Taos / Canon Neighborhood Market Snapshot

Activity improvement

The activity improvement is real. Four-week sales increased from 3 last week to 6 this week, and twelve-week sales increased from 13 to 15. That means the market is seeing more transaction flow than it was a week ago. Buyers are acting, and more listings are clearing. But the improvement is not strong enough to erase the buyer-favoring structure because active inventory also edged up from 87 to 88 listings.

Inventory age

The main caution is inventory age. Median active DOM rose from 93 days to 98 days, the 75th percentile rose from 209 days to 216 days, and the stale share increased from 51% to 56%. There are now 49 active listings in the Town of Taos / Canon area that have been on the market at least 90 days. That is a meaningful stale tail. The market is more active, but older and misaligned listings are still sitting.

Pricing signals

The sold-side pricing signal also softened. The 12-week median sale price moved from $530,000 to $400,000, and the list-to-sale ratio moved from 94.3% to 93.3%. That suggests recent clearing activity skewed lower in price and included more negotiation. This does not mean the whole zone is declining, but it does show buyers remain disciplined and price-sensitive.

Property type mix

Single-family homes and condos/townhomes are behaving differently. Single-family inventory remains the largest part of the market, with 51 active listings and 8 sales over the trailing 12 weeks. The single-family median sale price was $580,000, but the sold DOM median was 211 days. That is a slow single-family clearing profile.

Condos and townhomes look more active by comparison. There are 33 active condo/townhome listings and 7 sales over the trailing 12 weeks. The condo/townhome median sale price was $275,000, with a sold DOM median of 85 days. That suggests the attached-housing segment is doing more of the current work in this zone, especially at lower price points.

Bottom line

Town of Taos / Canon improved on activity, but not enough to change the market character. Four-week sales doubled, twelve-week sales increased, and months of supply improved from 20.1 to 17.6. That is constructive. But active inventory is still high, stale inventory worsened to 56%, median active DOM rose, and the list-to-sale ratio weakened. Buyers still have leverage, especially on older listings. Sellers need to be realistic because more activity does not mean the market will absorb mispriced inventory.