September 2011 Reno and Sparks Real Estate Market Report
The September 2011 market report is out from the Reno Sparks Association of Realtors….
Click on the pictures for the standard and detailed reports or watch the video below for more information.
- Median sales price are fluctuating within 3% of recent months which may be showing a bottom of the market
- Monthly supply of inventory at 5.9 months… down 24% from September 2010
- Pending sales are up 16% over September 2010…. similar to the rate at the time of the 2009 tax credit
- Median sale price is at $150,000… an FHA loan on $150,000 with a 4.11% interest rate should have a $725 monthly rate… Less than rent!