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Fernley Nevada Homes and Real Estate May 2013

Fernley, Nevada Homes on the Golf Course Summary The Fernley median price is currently at 2001 levels. In 2001, interest rates were 6.97% compared to today's average interest rate of 3.54 percent, which for the current median price saves home buyers $228 per month with 5 percent down on a 30 year fixed loan. With low inventory levels we anticipate this trend to continue at least through the end of the year. Fernley Median Home Sales Price May 2013 median price was up 3.3% to $113,500 compared to $109,890 in April 2013 and up 26.1% compared to $90,000 in May 2012. 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. Fernley Homes Sold May, 2013 homes sold was up 3.9% to 53 compared to 51 in April, 2013 and up 8.2% compared to 49 in May 2012. Fernley New Listings May, 2013 new listings was up 11.1% to 50 compared to 45 in April, 2013 and down -10.7% compared to 56 in May 2012. Absorption Months Supply of Inventory (Unsold Inventory Divided by Sales per Month) As of the end of April, there ... more

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