April 2013

There are 1 blog entries for April 2013.

Reno-Tahoe Housing Price Rises Continue - April, 2013

Last month, I did some comparisons to the current housing market to the bubble years of 2004-2005. The trend continues as the market is plentiful with buyers and not enough home sellers. A few weeks ago, one of our agents submitted an offer for a home buyer client we are helping and, after bidding $40,000, over the list price, the offer was rejected and we learned that there were over 90 offers on the property. Crazy? Insane? Irrational Exuberance? You could use any one of these descriptors to sum up some of what we are currently experiencing in the market.

I have enhanced a chart in The Greater Reno-Tahoe Real Estate Report ("Recent Peak to Trough Median Price Summary on page 8 of the

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