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2025 was not an easy year to forecast. The Santa Fe County market moved in clear ebbs and flows, shaped by interest rates, seasonal shifts, and a noisy national news cycle. Yet when viewed in full, those fluctuations averaged out to something surprisingly durable: a strong, consistent, and fundamentally resilient real estate market. Throughout the year, pricing held firm even as activity slowed at times, reinforcing a pattern we continue to see locally. Santa Fe real estate has proven notably steady against broader economic headlines and external volatility. Buyers and sellers alike remained engaged, adjusting their timelines and strategies rather than stepping away entirely. Looking ahead, renewed focus on housing supply, including meaningful efforts around affordability, signals an opportunity for Santa Fe to broaden access without compromising the character that defines it. With more homes coming online and thoughtful development moving forward, there is room for growth that supports the full spectrum of people drawn to this region. Santa Fe’s appeal remains enduring. Its lifestyle, culture, and climate continue to attract those seeking something distinct in the Southwest. The data from 2025 suggests that while the market may bend with changing conditions, its underlying strength remains firmly intact. Join David, Gabrielle, Kyle and Laura as they honestly discuss the current real estate market in Santa Fe, New Mexico, as well as their predictions for where the market is headed.