SellingNorthernNV

Sales Activity:

There were 419 sold transaction in April. This was a 14% increase from the previous month and a 33% increase compared to April of last year. April marks the fourth month in a row of increasing sales in the Reno/Sparks area. The majority of this activity remains in the price range of $150,000 and under. However sales are still up in every price range with the exception of homes between $201k and $250k which have remained level.

The majority of sales still remain primarily Bank Owned and Short Sales, with a total of 71% all sales in the month of April that had a Special Condition of sale. However, this is a decrease of 1% from the previous month of March.

Month’s Supply of Inventory (MSI):

At the end of April, we had 7.9 month of inventory based on the 30-day April Sales rate. The MSI has continuously been decreasing over the past 3 months and is nearing what the NAR calls a balanced market (anywhere between 5-7 months supply). We haven’t seen this low of MSI since November 2005.

Should you have any questions or need further information,
please don’t hesitate to contact me, (775) 220-1630
Or visit my blog at www.SellingNorthernNV.com

Joshua Talayka
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521

Tags: Home Sales, market, Real Estate, reno, sparks, statistics

This entry was posted by admin on Monday, June 1st, 2009 at 3:44 pm and is filed under General, Market Data, Northern Nevada, Reno, Sparks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.