Reno-Tahoe Mid Year 2015 Housing Update
Welcome to the Mid Year Housing Market Review. Each month, we update The Greater Reno-Tahoe Real Estate Report. If you are interested in seeing the charts and tables behind this summary, you can view the market report (PDF) here. Want to get an email update each month with a market snapshot and other related news? Click Here to subscribe to the report or share with a friend!
Let's start off with a few areas of key observations.
With the rise in prices, there are fewer distressed properties (short sale and foreclosure/bank-owned listings) sold each month. For June of 2015, all local markets had less than 10% of total sales that were distressed properties. This percentage has been…