Rio Rancho real estate stats are out for October 2011. Here's my video presentation of the most important stats compiled by the Greater Albuquerque Association of Realtors (GAAR).
Here's a summary of the details contained in this report:
- Rio Rancho home sales were up 33%
- Pending home sales were up 19%
- Average sales price was down 12%
- Median sales price was down 12%
- Home Inventory was down 22%
It's promising that both home sales and pending home sales were up substantially from October 2010. However, prices remain down and appear to be continuing their decline.
Check back soon for my Albuquerque and Rio Rancho Foreclosure Reports.
Originally posted on my Albuquerque Real Estate blog.
These statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 11/13 /2011.
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