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

Larry and Judy Salas
as of 12/1/2009:

As of today, Dec. 1, 2009, Realty Times reports that the national interest rate average for a 30 year fixed rate loan is 4.83% compared to last month's 5.03%. During the first eleven months of 2009, 1181 homes closed in Rio Rancho compared to 1175... MORE->
About Larry and Judy Salas

Reported by

Judy Pierson
as of 11/28/2009:

Home sales in Rio Rancho remained ahead of last year in October outpacing ABQ and the nation, 84 percent more homes sold in October compared to October of last year. The inventory or active listings were at 817 and 131 homes went under contract of... MORE->
About Judy Pierson

Reported by

Jared W. Murphy
as of 11/16/2009:

My work is exclusively with helping buyers find the great deals out there, so my remarks are focused specifically to buyers. Albuquerque has been much more stable than many of the real estate markets around the country. There are multiple reasons... MORE->
About Jared W. Murphy

Reported by

Keith and Gina MacRae
as of 10/31/2009:

We believe that the Albuquerque market is leveling off. However, with an 9.07 month supply of home in the Greater Albuquerque Metropolitan Area, it's still a Buyer's Market. (a six month supply of homes is considered a balanced market) Lower home... MORE->
About Keith and Gina MacRae

Reported by

Paul and Judy Wilson
as of 9/13/2009:

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

Average Current Market Rating: 2.2 (5 ratings)

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

Average Current Price Trend: 2.4 (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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