Realty Times - Rio Rancho, New Mexico Real Estate Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > New Mexico > Rio Rancho

Market Conditions Summary for Rio Rancho, New Mexico

Reported by

Judy Pierson
as of 2/8/2012:

Number of Listings in Rio Rancho drop 30% to compared to last year. Now at 643 compared to 905. Sales continue to reflect stronger market with 68 sold and 97 new pending's. This trend is due in large part to the opening of the Presbyterian... MORE->
About Judy Pierson

Reported by

Keith and Gina MacRae
as of 2/7/2012:

Another month of mixed signals. Could this mean that we are approaching the bottom of the market here in Albuquerque? Detached, single family homes going under contract in December rose over 11% from December 2010 however the average sales price of... MORE->
About Keith and Gina MacRae

Reported by

Larry and Judy Salas
as of 2/1/2012:

As of today, February 1, 2012 Realty Times reports that the national interest rate average for a 30 year fixed rate loan is 3.98% compared to 3.95% last month. During January, 60 homes closed in Rio Rancho compared to 68 that closed during the same... MORE->
About Larry and Judy Salas

Reported by

Paul and Judy Wilson
as of 1/22/2012:

The market has shifted to a STRONG Buyer's Market in the Rio Rancho area. Sellers who are willing to properly prepare their homes for sale (de-cluttering and de-personalizing) have a HUGE advantage in the competition for buyers. Inventory is... MORE->
About Paul and Judy Wilson

Reported by

Jared W. Murphy
as of 12/12/2011:

The GOOD NEWS is that Albuquerque's market (which includes Rio Rancho) continues to be stronger than nationwide averages. The bad news is that the market is still considerably slow. By slow, I mean that homes that aren't either prices low, or carry... MORE->
About Jared W. Murphy

Average Current Market Rating: 2 (5 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 2.6 (5 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > New Mexico > Rio Rancho

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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Mortgage Rates
30 Year Fixed: 3.87%
15 Year Fixed: 3.16%
1 Year Adj: 2.78%
(U.S. Weekly Averages)

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