Hello -
I track the Sparks NV real estate and housing market monthly and just posted a new version of my monthly report, The Greater Reno-Tahoe Real Estate Report - the report contains about 16 pages of color charts showing multi-year Sparks real estate trends as well as an in-depth view of the last 24 months of Sparks real estate trends (Sparks median home price, inventory, homes sold).
In October, 2007, the Sparks median home price is down to $274,450 - a level not seen since late 2004. While the Sparks median home price is down, Sparks' "months of inventory" - a measure of how many months it would take to for all listed homes to sell (at the monthly rate of sales for the last 12 months) - is in better shape than any other market in the Reno-Tahoe region. If this trend continues, Sparks will likely be the first to reach a more balanced market v. the Buyer's market we have been in now for over two years. Don't hold your breath though, it will likely be another 12-18 months and there are still some big variables out there - interest rates, elections, wars, economic conditions, etc....
Also, keep in mind you can search for Sparks- all MLS listings updated daily, any time you want to visit my site.
Thanks!
Mitch
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