Reno/Sparks Market Stats for November 2013

market stats pic.pdfThe Reno/Sparks Association of Realtors came out with the November 2013 market stats.

You can view the full report by clicking the picture to the right. Below is an overview and video…

  • The median sales price went up again to $224,900. A 4.7% increase compared to October. Up 24.3% compared to the same time last year. This isn’t exclusive to regular sales (up 7.6%) as REOs went up 9.9% and short sales were up 8.3%.
  • Number of units sold was down 14% compared to last month. Typical of this time of year and the high list prices sellers are putting out.
  • Average days on market was up 8.9% to 105. Short sales average 226 days, regular sales 76, and REOs 114.
  • Months supply of inventory crept up to 4.1 months. Still a seller’s market.

 

For more information on buying or selling in this diverse market contact Ricky Beach at (775) 393-9601 or Ricky@RickyBeach.com

 

Ricky Beach

Broker/Salesman


Keller Williams Group One Inc.

10539 Professional Circle., #100

Reno, NV 89521

 

Office: (775) 393-9601
Cell: (775) 750-1437
Email: Ricky@RickyBeach.com
Website:www.RickyBeach.com

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Posted in For Buyers, For Sellers, Market Update and tagged , , , .

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