Reno-Tahoe Regional Real Estate Update - June, 2008

Posted by Mitch Argon / CalNeva Realty on Thursday, June 12th, 2008 at 2:48pm.

Reno-Tahoe Housing Market Summary - June, 2008

This post will give you an overview of the key real estate markets in Greater Reno-Tahoe for June, 2008 which includes home sold statistics through May 30, 2008. Note that all of this information is sourced from the Northern Nevada Regional MLS and includes ONLY single family "stick built" homes - no condos, land, manufactured homes, or duplexes.

Reno Real Estate Market Highlights

Reno Market Summary  
Reno Homes on Market (June - 2008) 2,681
(% change from June - 2007) -2%
Reno Homes Sold (May - 2008) 210
(% change from May - 2007) -21%
Reno Median Home Price (May - 2008) 280,000
(% change from May - 2007) -14%
Months Supply of Inventory (June - 2008) 13.7
(% change from June - 2007) 25%

Sparks Real Estate Market Highlights

Sparks Market Summary  
Sparks Homes on Market (June - 2008) 978
(% change from June - 2007) -4%
Sparks Homes Sold (May - 2008) 99
(% change from May - 2007) 8%
Sparks Median Home Price (May - 2008) 245,000
(% change from May - 2007) -18%
Months Supply of Inventory (June - 2008) 12
(% change from June - 2007) 16%

Carson City Real Estate Market Highlights

Carson City Market Summary  
Carson City Homes on Market (June - 2008) 385
(% change from June - 2007) -16%
Carson City Homes Sold (May - 2008) 26
(% change from May - 2007) -19%
Carson City Median Home Price (May - 2008) 263,000
(% change from May - 2007) -17%
Months Supply of Inventory (June - 2008) 11.8
(% change from June - 2007) 6%

Carson Valley Real Estate Market Highlights

Carson Valley Market Summary  
Carson Valley Homes on Market (June - 2008) 632
(% change from June - 2007) -12%
Carson Valley Homes Sold (May - 2008) 39
(% change from May - 2007) -11%
Carson Valley Median Home Price (May - 2008) 300,000
(% change from May - 2007) -19%
Months Supply of Inventory (June - 2008) 16
(% change from June - 2007) 16%

Lake Tahoe Real Estate Market Highlights

Lake Tahoe Market Summary  
Lake Tahoe Homes on Market (June - 2008) 152
(% change from June - 2007) -7%
Lake Tahoe Homes Sold (May - 2008) 4
(% change from May - 2007) -33%
Lake Tahoe Median Home Price (May - 2008) 850,000
(% change from May - 2007) -24%
Months Supply of Inventory (June - 2008) 23.7
(% change from June - 2007) 14%

Dayton Real Estate Market Highlights

Dayton Market Summary  
Dayton Homes on Market (June - 2008) 203
(% change from June - 2007) -35%
Dayton Homes Sold (May - 2008) 21
(% change from May - 2007) 75%
Dayton Median Home Price (May - 2008) 215,000
(% change from May - 2007) -20%
Months Supply of Inventory (June - 2008) 15.2
(% change from June - 2007) -21%

Fernley Real Estate Market Highlights

Fernley Market Summary  
Fernley Homes on Market (June - 2008) 413
(% change from June - 2007) -1%
Fernley Homes Sold (May - 2008) 27
(% change from May - 2007) 8%
Fernley Median Home Price (May - 2008) 168,000
(% change from May - 2007) -29%
Months Supply of Inventory (June - 2008) 15.6
(% change from June - 2007) 29%

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If you have any questions, please call me at 775-315-4424 or contact me online.

Mitch Argon
Broker - CalNeva Realty

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