June 2012

There are 1 blog entries for June 2012.

Reno-Tahoe Real Estate Market Snapshot - June, 2012

Welcome to the June, 2012 market update. Market conditions have not changed substantially from one month ago - tightening inventories, a lot of competition among buyers in the lower price ranges, and a continuing decrease in new REO listings due to AB-284. While it has "felt" like a Seller market, since early 2012, we are just now beginning to see some increase in median price (it takes a while for the ship to turn) and, of note, is a Reno median home price of $175,000 - a 21% over May, 2011 which was near an all time low at $144,450. Assembly Bill 284 continues to be a factor and I provide an update in the paragragh (and charts) below.

AB-284 (Assembly Bill 284) Update - For more background

2,237 Views, 1 Comments.