Rio Rancho Real Estate Market Statistics September 2015
Rio Rancho real estate market improved dramatically in 2015. Real estate prices are up, transactions closed are up, and inventory is down. Supply and demand tells us this trend should continue as long as the local and national economy do not decline.
Rio Rancho Real Estate Market Inventory September 2015
Rio Rancho Real Estate market experienced a decrease in the number of new listings of Rio Rancho NM homes for sale by 7.37% to 201 in September 2015 compared to 217 in September 2014. The number of new listings of Rio Rancho homes for sale in August 2015 was 265.
Rio Rancho Real Estate market experienced a decrease in the total inventory of homes for sale in Rio Rancho by 28.27% to 604 in September 2015 compared to 842 in September 2014. The inventory of Rio Rancho homes for sale in August 2015 was 631.
Rio Rancho Real Estate market experienced a decrease in the number of days on market to sell a home in Rio Rancho by 3.03% to 64 days in September 2015 compared to 66 days in September 2014. The number of days on the market in Rio Rancho in August 2015 was 55.
Rio Rancho Real Estate Market Sales September 2015
Rio Rancho Real Estate market experienced an increase in the number of Rio Rancho New Mexico homes sold by 19.51% to 147 homes in September 2015 compared to 123 homes in September 2014. The number of Rio Rancho homes sold in August 2015 was 162.
Rio Rancho Real Estate market experienced an increase in the number of Rio Rancho New Mexico homes pended by 10.96% to 162 in September 2015 compared to 146 homes in September 2014. The number of Rio Rancho homes pended in August 2015 was 199. Pended homes is defined as the buyer and seller have agreed to terms on the sale of the home. However, the transaction is not complete and is an indicator to future home sales in Rio Rancho.
Rio Rancho Real Estate Market Pricing September 2015
Rio Rancho Real Estate market experienced an increase in the average sales price of homes in Rio Rancho by 10.34% to $195,631 in September 2015 compared to $177,291 in September 2014. The average sales price of Rio Rancho homes in August 2015 was $180,894.
Rio Rancho Real Estate market experienced an increase in median sales price of Rio Rancho homes by 11.46% to $175,000 in September 2015 compared to $157,000 in September 2014. The median sales price of Rio Rancho homes in August 2015 was $160,000.
All data is provided by the Greater Association of Albuquerque Realtors September 2015 market statistics.
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