Reno-Tahoe Real Estate Trends - March, 2011
See below for a snapshot of real estate statistics for the following markets in Northern Nevada: Reno, Sparks, Carson City, Carson Valley (Minden/Gardnerville/Genoa), Dayton, Fernley, and Lake Tahoe (Douglas County only).
- Reno - During February, home sales were up 18% from February, 2010 - 251 homes sold. February's median sold home price was $173,000 - a 4% drop from February, 2010. Reno Months of Inventory for March is at 6.8 months - down 1% from March, 2010, and continuing to decline very slowly. Again, all metrics for Reno are fairly stable. Considering there are no government incentives in the marketplace now, the increase in transaction volume speaks to the affordability of housing.