November 2011 Reno/Sparks Real Estate Market Report (Video)

The Reno/Sparks Real Estate Market Report for November 2011 is out from the Reno Sparks Association of Realtors®… Here is a quick overview:

• 483 October sales, the highest non tax credit month in the past year.
• Highest October sales, non tax credit influenced, since October 2004
• Pricing still fluctuating within 4% of the of the past six months
• Sale price to list price ratio is on average for 97.3% in the past 13 months. More on this in a later blog.
• 6.5 months of supply and down 24% since October 2010
• Freddie Mac 30 year fixed rate dropped to 4.07%

For a more detailed look watch the video…

For more information on buying a home in the Reno and Sparks areas contact me at Ricky@Resnv.com or (775) 750-1437.