January's Median Home Prices - Reno, NV

Good News: The number of houses for sale continues to decline. Down 1.3% from last month. Also, the median For Sale price continues to decline Down 0.57% from last month. While the median Sold price increased almost 4% over last month.

Bad News: Only 171 houses were sold during the month of January. This is a sharp decrease from the prior month (a 30% drop from December's 244 Solds). As Solds continue to decrease; months supply of inventory will continue to climb. (See all the numbers here.)

Posted by Guy Johnson, MBA, EcoBroker on 02/06/2008 10:51 PM

Comments (2)

reno, homes, housing, market, median, units, volume

This post has been included in Nevada Information Washoe County, NV Information Reno, NV Information

2 Comments on January's Median Home Prices - Reno, NV

Wow, it is great to hear about other markets! We have been hearing a lot about the Las Vegas market, but nothing word of mouth seems to travel here from Reno. It sounds like your market is definately feeling the overall decline.

Jamie Friedman, Hawaii Real Estate, www.AllHawaiiIslands.com

02/06/2008 10:54 PM

by Jamie Friedman (Prudential All Star Realty )

Guy - it's nice to be able to compare the market to the north of us! I should have the stats up for Las Vegas within the next couple days.

02/06/2008 11:08 PM

by Mary Warren, Las Vegas Real Estate (Keller Williams Southern Nevada)

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Real Estate Agent: Guy Johnson, MBA, EcoBroker (Chase International)

Guy Johnson, MBA, EcoBroker
Reno, NV
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Chase International

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I regularly contribute to the Reno Realty Blog. This popular blog describes itself as "Musings on the Reno Sparks real estate market". Find it here: Reno Realty Blog

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