Monthly Market Update: November 2011

October unit sales in Washoe County are the 4th highest unit sales for an October in history and outpace October 2010 sales by 15%. This is the first month where the year-over-year comparison is not influenced by the tax credit incentives, thus a positive sign that sales remain healthy. Also, we have seen only moderate fluctuations in median price for the past 7 months. With the majority of new listings entering the market at under $150,000 and a majority of sales occurring in this same price range, we are cautiously optimistic that prices are at the bottom.

Click the link for the complete report: Monthly Market Update November 2011