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Reno-Sparks Homes and Real Estate Report September 2011

Summary:
The Reno/Sparks market has had record or near record year-over-year sales for the past ten months. We have to go back to September 2003 to find a stronger September sales month. The consistent trend of improved sales month-over-month and year-over-year seems to be the new normal as savvy buyers see this as an excellent time to buy. Reno-Sparks Homes Median Sales Price
September 2011 median price was down 2.6% to $150,000 compared to $154,000 in August 2011. Median price is defined as the mid-point, where, for the time period identified, the price for one-half of the sales are higher and one-half are lower. Reno-Sparks Price per Square Foot Solds
Price per square foot is at $89.41. Price per square foot by area groups, as provided in the Detailed Report, is a good way to compare similar homes for current value. Reno-Sparks Homes Sold
September ended the month with 553 sold transactions, up .5% from the prior month. Sales are up 18.2% from the same period last year. September 2010 was the final month where sales were influenced by the First Time Home Buyer tax credit. Average Days on Market
The average days on market are 134 days, up 7% ... more

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