The present housing market in Rio Grande City is down with high active listings and low sales volume. Home prices have increased 7.9% in the past month alone. At the current sales pace, it would take over 18.5 months to sell all available homes in Rio Grande City, indicating an oversupplied market. Properties are selling within just 17 days on average, much faster than the historical norm of 143 days. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Rio Grande City market with the affordability index at 119.8. Based on current market indicators, home prices in Rio Grande City are projected to decrease by approximately 9.1% over the next month.