April 2009 Monthly Market Report

Published on May 11, 2009

Monthly Highlights
• Pending Sales for detached, single family homes are up 11.8% from the previous month and only
3.0% down from April 2008. (page 4)
• The Days on Market it takes to sell a detached single-family home is on the decline for the second
month in a row. (page 8)
• 41.8 % of detached single-family homes sales in April used FHA Financing.
• Single-family home sales in Rio Rancho are identical to the April 2008 sales but the average sales
price went down 14.9%. (page 11)

Contact: Don Padilla, Chairman of the Board, 505-275-3615, dpadilla@gaar.com