Monthly Market Update: January 2012
Unit sales were at historic or near historic levels throughout 2011. The big news is that 2011 total unit sales represent the 2nd highest performing year, off only 4% from 2005 which is described as the peak. Year end 2011 unit sales (5,899) are up 10% over 2010 unit sales (5,361). Beginning in 2008, year end unit sales numbers have consistently out-performed the previous year’s sales. Lower inventory is a signal that price declines may be coming to an end and a sign of pent up demand.
Click the link below for the complete report:
January 2012 Monthly Market Update
Ten Predictions for Real Estate in 2012
RE/MAX Chairman and Co-Founder Dave Liniger offers his Top Ten Predictions for the real estate market in the United States on You Tube. Check it it out at the link below:
Monthly Market Update: December 2011
November sales are up 22% over last year and are the highest unit sales for a November in history. For the 2nd month, we are comparing year-over-year sales without the artificial influence of a tax credit. Freddie Mac reported another record low 30-year fixed rate loan of 3.98%. Sources report by the middle of 2012, mortgage interest rates should gradually rise from today’s record lows to 4.5%.
Click the link below for the complete report:
Monthly Market Update December 2011
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
5 Easy Tips to Win Over Home Buyers
Spring is the perfect time to make your house shine. Click the picture below for 5 easy tips:
