Reno-Tahoe Real Estate Trends - May, 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 April, home sales were down 19% from April, 2010 - 273 homes sold. April's median sold home price was $163,000 - a 19% drop from April, 2010. Reno Months of Inventory for May is at 7.1 months - up 4% from May, 2010. Again, all metrics for Reno are fairly stable. At the same time, the softening of sales volume, if it continues, could put additional pressure downward on pricing.
- Sparks - Sparks homes sold in April totaled 150 (down 5% from one year ago April sales);