Rio Rancho Real Estate Market Update - Detached Homes, November 2011

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Real Estate Agent with Prudential Allstar Realtors 16784

 

Rio Rancho Real Estate Market Update -  Detached Homes, November 2011

 Below you will find six of the most important market statistics for Detached Homes in Rancho, New Mexico.  As we compare today’s real estate market to those of six months ago, there has been a decrease in the average price of homes.  By understanding today’s real estate market, we will be prepared to price your home appropriately to sell for the highest possible price in the shortest amount of time.

The data indicates that more homes are entering the market than are being sold, so we are in a still in a "buyers market." There has been a 18% decrease in the amount of homes available for sale. The expected result is a increase in price which maybe reflected in the List Price...however, the Average Price of Sold Homes decreased approximately 7% from $177,670 six months ago to $165,864 in the month of November.

So what does it look like no

The average days on the market for last month: 

  92

New property listings last month:                                

154

Total active properties for sale for the month of November:   

624

Total number of properties under contract in the last month:     

 121

Total number of properties sold/closed in the last month:        

   95

Total number of expired listings last month:                         

   41

 Where were we six months ago?

The average days on the market for last month: 

  97

New property listings last month:                                

 217

Total active properties for sale for the month of June:   

 758

Total number of properties under contract in the last month:     

 170

Total number of properties sold/closed in the last month:        

 115

Total number of expired listings last month:                         

   53


See See this reoprt on: www.LloydMcKenzie.com



 

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Rainmaker
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Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Authentic Feng Shui Expert

 

i take it you'll be okay, Lloyd! HAPPY NEW YEAR!

December 31, 2011 10:43 PM #1
Rainer
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Chris Lewis
Gracious Living Realty - Front Royal, VA
Front Royal VA Home Sales

A nice, concise view of your local market.  Well done.

January 03, 2012 12:50 PM #2
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Rainmaker
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C. Lloyd McKenzie

MBA - Prudential Allstar Realtors -
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