Town of Taos / Canon Neighborhood Market Snapshot

Week-over-week direction

The week-over-week movement was not constructive. Active inventory increased from 88 to 92 listings, while four-week sales declined from 6 to 5 and twelve-week sales declined from 15 to 14. That is the basic reason months of supply moved higher. The market is still producing sales, but the active inventory base expanded while the recent sales pace softened.

Inventory age

The stale-inventory signal remains the main issue. Median active DOM rose from 98 days to 101 days. The 75th percentile active DOM improved from 216 days to 201 days, so the very old tail was not quite as extreme as last week. But the stale count increased from 49 to 50 listings, and 54% of active inventory is still 90+ days on market. More than half the active market has been exposed for at least three months.

Pricing signals

The sold-side read is mixed. The 12-week median sale price increased from $400,000 to $460,000, and sold DOM improved slightly from 190 days to 189 days. But the list-to-sale ratio softened from 93.3% to 93.1%. That means buyers are still negotiating, and the sales that are closing are not eliminating the broader supply pressure.

Property type mix

Single-family and condo/townhome inventory continue to behave differently. Single-family homes account for 54 active listings and 7 sales over the trailing 12 weeks. The single-family median sale price was $630,000, with a sold DOM median of 190 days. That is a slow single-family clearing profile.

Condos and townhomes are doing more efficient work inside the zone. 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. Attached housing is not immune to supply pressure, but it is clearing faster than single-family homes in this lens.

Bottom line

Town of Taos / Canon remains buyer-favoring and moved weaker this week. Active inventory rose, recent sales declined, and months of supply increased from 17.6 to 19.7. The zone still has buyer activity, especially in the condo/townhome segment, but more than half of active inventory is stale and the list-to-sale ratio remains in the low 93% range. Properly priced homes can move, but misaligned listings are still sitting.