Reno-Tahoe Real Estate Trends - April, 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 March, home sales were up 8% from March, 2010 - 351 homes sold. March's median sold home price was $160,000 - an 11% drop from March, 2010 and a new low for Reno in this market cycle. Reno Months of Inventory for April is at 6.8 months - unchanged from April, 2010. 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. I am a bit