Reno Real Estate Stats for June 2012

reno home market statsThe Reno/Sparks Association of Realtors have posted the market stats for June. You can view the report by clicking on the picture or if you’re feeling lazy read the summary below.

 

  • The median sales price rose to $170,000. That’s a 20% increase since January of 2012 or over 3% per month. To put this in perspective a typical market appreciation is 3-4% per year!
  • Number of sold properties down to 492 from 519 due to lower inventory to sell.
  • Average days on market for solds is 145 thanks to continued lack of communication in short sale.
  • Average days on market for sold short sales was 218, 110 for regular sales, and 89 for REOs.
  • 35 more new listings in June compared to May
  • 318 of of the 641 new listings were regular sales. I guess sellers are starting to get it.
  • 4.8 months of inventory meaning seller’s market. See above about equity sellers getting it.

For more information about buying or selling a home contact Ricky at (775) 750-1437 or Ricky@Resnv.com.

 

Ricky Beach

Broker/Owner|RealtorŽ|CDPEŽ|SFRŽ

Renown Real Estate Services

6900 South McCarran Blvd., Suite 3040

Reno, NV 89509

| Office:(775) 313-9600 |  Cell:(775) 750-1437  | Fax:(775) 562-4779  |


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