First Integrity Title Market Report

Rio Verde, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372


Rio Verde, AZ

Mon Dec 04 2023
This week the median list price for Rio Verde, AZ is $615,000 with the market action index hovering around 26. This is an increase over last month's market action index of 24. Inventory has increased to 9. Click here to stay informed with the Rio Verde market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.

Rio Verde, AZ

Mon Dec 04 2023
This week the median list price for Rio Verde, AZ is $615,000 with the market action index hovering around 26. This is an increase over last month's market action index of 24. Inventory has increased to 9. Click here to stay informed with the Rio Verde market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.

Real-Time Market Profile

Never miss important changes in the Rio Verde market.
Median List Price $615,000
Median Price of New Listings $0
Per Square Foot $355
Average Days on Market 93
Median Days on Market 56
Price Decreased 44%
Price Increased 0%
Relisted 0%
Inventory 9
Median Rent
Market Action 26
Slight Buyer's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$904,000 1,616 0 - 4,500 sqft 2 2.5 0 0 0 101
$711,250 1,511 0 - 4,500 sqft 2 2.5 3 0 0 213
$606,500 1,736 0 - 4,500 sqft 2 2 24 0 0 38
$525,000 1,518 0 - 4,500 sqft 2 2 42 0 0 49