Rio Rancho Home Sales Increase 37% May 2015
Rio Rancho Housing Market Homes Sales May 2015
It looks like the Rio Rancho and Albuquerque housing market are joining the trend of many of the states in the southwest. This market has lagged behind the southwest market by about 1.5 years,
Rio Rancho housing market experienced an increase in the number of Rio Rancho New Mexico homes sold by 37.1% to 170 homes in May 2015 compared to 124 homes in May 2014. The number of Rio Rancho homes sold in April 2015 was 156.
Rio Rancho housing market experienced an increase in the number of Rio Rancho New Mexico homes pended by 30.25% to 211 in May 2015 compared to 163 homes in May 2014. The number of Rio Rancho homes pended in April 2015 was 225. 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 Housing Market Home Inventory May 2015
Rio Rancho real estate market experienced a decrease in the total inventory of homes for sale in Rio Rancho by 10.34% to 685 in May 2015 compared to 764 in May 2014. The inventory of Rio Rancho homes for sale in April 2015 was 659.
The number of foreclosure homes in Rio Rancho NM is declining along with the general decline in inventory.
Rio Rancho housing market experienced a decrease in the number of new listings of Rio Rancho NM homes for sale by 5.44% to 278 in May 2015 compared to 294 in May 2014. The number of new listings of Rio Rancho homes for sale in April 2015 was 276.
Rio Rancho housing market experienced a decrease in the number of days on market to sell a home in Rio Rancho by 18.31% to 58 days in May 2015 compared to 71 days in May 2014. The number of days on the market in Rio Rancho in April 2015 was 73.
Rio Rancho Housing Market Home Pricing May 2015
Rio Rancho housing market experienced a decrease in the average sales price of homes in Rio Rancho by 4.14% to $182,370 in May 2015 compared to $190,250 in May 2014. The average sales price of Rio Rancho homes in April 2015 was $171,497.
Rio Rancho housing market experienced an decrease in median sales price of Rio Rancho homes by .23% to $161,632 in May 2015 compared to $162,000 in May 2014. The median sales price of Rio Rancho homes in April 2015 was $154,920.
All data is provided by the Greater Association of Albuquerque Realtors May 2015 market statistics.
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