Realty Times - Rio Rancho, New Mexico 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

Jared W. Murphy
as of 11/17/2008:

Just recently, Forbes magazine ranked Albuquerque as the Top Market where home prices are likely to rise. Because Rio Rancho is a suburb of the Greater Albuquerque Area, Rio Rancho is also tied into that analysis. That means that in the near future,... MORE->
About Jared W. Murphy

Reported by

Judy Pierson
as of 11/16/2008:

The inventory in Rio Rancho has dropped off to 1091 which is still alot. The sales volume is off by 25% now but the number of homes under contract was actually higher than the previous year so some sighs of life for Rio Rancho. The average price is... MORE->
About Judy Pierson

Reported by

Keith and Gina MacRae
as of 11/15/2008:

October results are just in and the Greater Albuquerque Area continues to see market conditions that favor home buyers. As the holidays approach, a further seasonal slowdown in real estate is expected and the signs of that are starting to... MORE->
About Keith and Gina MacRae

Reported by

Paul and Judy Wilson
as of 11/12/2008:

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

Larry and Judy Salas
as of 11/2/2008:

As of today, November 2, 2008, Realty Times reports that the national interest rate average for a 30 year fixed rate loan is 6.46% compared to last month's 6.09%. During the first ten months of 2008, one thousand sixty three (1063) homes closed in... MORE->
About Larry and Judy Salas

Average Current Market Rating: 2 (5 ratings)

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

Average Current Price Trend: 1.8 (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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