Reno-Tahoe Housing Market Snapshot - August, 2012
Below is a summary recap of housing market conditions throughout the Reno-Tahoe region for July/August 2012. AB-284 continues to dampen bank owned sales volume. To get a current view of the trendline for Notice of Default, Notice of Trustee Sale filings as well as REO listing inventory, see the Ticor Title Summary Here.
Below is a brief summary of each local market with year over year details:
- Reno - During July, home sales were up 7% from July, 2011 - 353 homes sold. July's median sold home price was $174,900 - 12% above July, 2011 - about the same median price as the last two months which is not surprising as the local markets continue to very competitive with more buyers than sellers. Reno