Reno-Tahoe Real Estate Market Update - August, 2009
In this post, I am identifying few key observations based on the current Reno-Tahoe area real estate market. If you are not a subscriber to The Greater Reno-Tahoe Real Estate Report, you can find complete details and charts behind the market statistics outlined below. Feel free to subscribe to The Greater Reno-Tahoe Real Estate Report here.
Reno - The number of homes sold continues to positive over 2008 levels. 362 homes sold in July, 2009 - a 28% increase over July 2008 levels. Reno median home price for July was $185,000 which is down 29% from July 2008 but stable for the last four months. Months of Inventory is at 8.9 months - down 36% from August, 2008.
- Sparks - Fairly consistent with