Rising Home Prices and Low Inventory Challenge Rio Rancho Homebuyers In the ever-changing landscape of Rio Rancho's real estate market, August 2023 emerged as a milestone month, marking a new record in the average home price for single-family detached homes. According to recent data from the Southwest Multiple Listing Service, the average price in Rio Rancho soared to an unprecedented $405,663 setting the stage for a vibrant yet challenging market for both buyers and sellers. The Record-Breaking Surge: A 7% Increase from 2022 August 2023 witnessed a staggering 7% increase in average home … Continue reading...