Login | Sign Up















https://myersandmyersrealestate.com

Myers & Myers Real Estate

(505) 401-7500
myersandmyersrealestate@gmail.com
  • Menu
  • Sellers
    • FAQs Home Sellers
  • Buyers
    • FAQs Home Buyers
    • Advanced Property Search
    • Albuquerque First Time Home Buyers $500 DP
    • Join Deal Alert
    • Interactive Map Search
  • Albuquerque
    • New Listings In Albuquerque
    • Albuquerque Foreclosures
    • Albuquerque Open Houses
    • Ventana Ranch Homes For Sale
  • Rio Rancho
    • New Listings In Rio Rancho NM
    • Rio Rancho Foreclosures
    • Rio Rancho Open Houses
    • Cabezon Homes For Sale
    • Loma Colorado Homes for Sale
  • Corrales
    • Corrales Open Houses
  • Valencia County
    • Los Lunas NM Real Estate
    • Bosque Farms NM Real Estate
    • Homes For Sale in Jubilee
    • Homes For Sale In Belen NM
  • East Mountains
    • Tijeras NM Homes For Sale
    • Sandia Park NM Homes For Sale
    • Paa-ko Ridge Golf Club Homes
    • Edgewood NM Homes For Sale
  • Home Search
  • Contact

Home » Rio Rancho Housing Market Sales Decline By 19% in July 2014

Rio Rancho Housing Market Sales Decline By 19% in July 2014

Rio Rancho Housing Market Sales Decline By 19% in July 2014

Rio Rancho Housing Market Sales Decline By 19% in July 2014

What the heck is going on in the Rio Rancho housing market?  The number of Rio Rancho homes sold in July 2014 declined by 19.66% compared to July 2013.  That is a huge decline in year over year statistics.    The number of Rio Rancho homes sold in July 2014 declined to 143 homes compared to 178 homes in July 2013.  By comparison the number of homes sold in Albuquerque declined by 11.99% for the same period.

What is more amazing is that the median price for homes in the Rio Rancho housing market increased by 16.58% in July 2014 compared to July 2013.  The median price in the Rio Rancho housing market stands at $175,000.

The average price for a home in the Rio Rancho housing market increased by 7.57% to $191,803 in July 2014 compared to July 2013.  The average home price in the Rio Rancho NM housing market was $178,300 in July 2013.

The inventory of Rio Rancho homes for sale increased to 804 homes in July 2014, an increase of 15.68% over July 2013.  The number of new listings increased by 7.46% to 288 in July of 2014 compared to July 2013.

It is interesting to see the home prices in Rio Rancho increasing, while the number of buyers for Rio Rancho homes is decreasing, and the inventory of homes for sale in Rio Rancho is increasing.  Simple economics and the law of supply and demand tell us home prices should be declining.  What should all this conflicting information tell us about the Rio Rancho housing market.  First it is important to understand we are looking at data from one month, and anything can happen in a one month report.

There are clearly two trends for 2014 in the Rio Rancho housing market, the are fewer buyers and there are more sellers of Rio Rancho homes.  The prices for houses for sale in Rio Rancho will be under pressure and will  most likely decline in the long term if this trends continues.

It is clearly a buyers market in Rio Rancho and this means buyers that are patient can find some great deals in the Rio Rancho housing market.  If you are considering selling a home in the Rio Rancho housing market, it is critical to get your house priced correctly to sell in a timely manner.

We understand the Rio Rancho housing market and can help you buy or sell homes in Rio Rancho.

Myers & Myers – Rio Rancho Real Estate Specialists – Call Today!  (505) 401-7500

For buyers, our foremost goal is to provide you with exceptional customer service and assist you in finding the right home in the right neighborhood.  Our goals are to help you purchase the right home, make sure you don’t miss out on any homes that meet your needs, and make sure you don’t pay too much for your next home.  Please utilize our Rio Ranco real estate expertise to make your home search and buying experience as stress free and rewarding as possible.

 Rio Rancho Homes For Sale

If you considering selling your Rio Rancho home, we utilize the latest, cutting-edge, real estate marketing tools to expose your property to the widest range of potential buyers. We are here to get your Rio Rancho home for sale aggressively marketed to sell as quickly as possible and for the best price!  Our goals are to help you get your home sold and get you where you want to go on time, put you in the strongest negotiating position as possible, and to make it easier for you and reduce surprises.

Get a Free Valuation on Your Rio Rancho Home for Sale  

Advanced Search Rio Rancho Homes For Sale

Map Search Rio Rancho Homes For Sale

Address Search Rio Rancho Homes For Sale

Listing ID Search Rio Rancho Homes For Sale

Our extensive knowledge of the Rio Rancho real estate market allows us to guide our clients intelligently. Whether you are looking to buy, sell or invest, our mission is to provide you with exceptional customer service and assist you throughout the entire transaction.

Please call us today or fill out the online contact form,. Let us know how we can best serve your Albuquerque real estate needs. We look forward to speaking with you!

John Myers, Owner and Qualifying Broker
Myers & Myers Real Estate
Office:  505 401-7500
Cell:  505-401-7500
Email:  [email protected]com

Map of Rio Rancho, NM

All data is taken from the Greater Association of Albuquerque of Realtors monthly market statistics.

Facebooktwitterredditpinterestlinkedintumblrmail
Facebooklinkedinyoutubemail

Posted in: Blog, Market Statistics, Rio Rancho NM

Sign up for New Home Alerts Now!

RegisterLogin















Post navigation

« Albuquerque Housing Market Down September 2014
Rio Rancho Real Estate Market Sales Drop By 17.42% August 2014 »

Myers & Myers Real Estate, Inc.

John Myers
Qualifying Broker
License #19085

(505) 401-7500
(505) 401-7500
myersandmyersrealestate@gmail.com
Follow

Facebooklinkedinyoutubemail

Albuquerque Real Estate Agents

  • John Myers QB
Share

Facebooktwitterredditpinterestlinkedintumblrmail

Albuquerque Real Estate

  • Albuquerque Real Estate Blog
  • Sitemap
  • Privacy Policy
© 2021 · Myers & Myers Real Estate, Inc. · 505-401-7500 · Sitemap · IDX Sitemap · IDX XML Sitemap · Albuquerque NM Homes for Sale
Disclaimer - All Rights Reserved by Myers & Myers Real Estate, Inc.
NM Real Estate Commission Rules

Licensed in New Mexico | Albuquerque NM Homes & Real Estate