November median sold price, units, DOM, and $/sq.ft.

November unit sales, 384, fell nearly 8 percent from October’s 416 sales.  The median sales price of November’s houses sold was $169,950. This number represents a 2.9 percent decrease from October’s median sold price of $174,950.

For the fourth month in a row the median sold price per square foot was below the $100-level, coming in at a new low of $96.29/square-foot.

The number of Active listings fell four percent this month, while the number of Pendings was essentially unchanged from October.

November sales by type break out as follows:

  • Bank-owned properties: 32% – down from October’s 34%
  • Short sales: 31% – down from October’s 32%
  • Equity sales: 36% – up from October’s 33%

November sales by price band break out as follows:

sales price ($000’s) units sold
0 – 99 46
100 – 199 188
200 – 299 84
300 – 399 34
400 – 499 18
500 – 599 8
600 – 699 0
700 – 799 2
800 – 899 2
900 – 999 1
1M+ 1
total 384

For those readers who prefer the median sold price for houses and condos combined, November’s 465 sold houses, condos and town homes exhibited a combined median sold price of $151,000 – down from October’s combined median of $161,000.

See all the data below.

Month Year # Sold Sold Price Sold Price per Sq Ft Average DOM # of Listings # of Pendings
Nov 2010 384 $169,950 $96.29 141 2,060 1,376
Oct 2010 416 $174,950 $98.06 134 2,146 1,371
Sep 2010 466 $168,000 $97.52 133 2,186 1,473
Aug 2010 449 $180,000 $97.53 127 2,222 1,513
Jul 2010 414 $180,000 $101.74 129 2,158 1,580
Jun 2010 602 $170,000 $100.52 145 1,966 1,625
May 2010 450 $175,807 $102.37 138 1,789 1,804
Apr 2010 510 $179,995 $103.13 128    
Mar 2010 477 $175,000 $99.14 142    
Feb 2010 338 $170,000 $101.68 138    
Jan 2010 346 $167,000 $97.06 134    
Dec 2009 424 $178,000 $101.28 126    
Nov 2009 461 $175,000 $103.61 112    
Oct 2009 561 $180,000 $103.52 123    
Sep 2009 520 $185,948 $103.31 128    
Aug 2009 482 $179,900 $102.64 116    
Jul 2009 515 $180,000 $103.45 126    
Jun 2009 536 $180,317 $104.09 136    
May 2009 426 $175,000 $102.29 139    
Apr 2009 429 $190,000 $105.71 133    
Mar 2009 369 $200,000 $105.85 133    
Feb 2009 293 $205,000 $111.52 132    
Jan 2009 233 $200,000 $113.04 117    
Dec 2008 294 $218,950 $121.74 145    
Nov 2008 269 $220,000 $122.24 152    
Oct 2008 354 $230,000 $131.43 144    
Sep 2008 358 $239,250 $136.72 145    
Aug 2008 321 $250,000 $142.14 140    
Jul 2008 397 $251,000 $145.48 139    
Jun 2008 369 $262,500 $148.05 142    
May 2008 314 $260,215 $152.30 134    
Apr 2008 314 $275,000 $154.05 172    
Mar 2008 238 $274,000 $150.93 166    
Feb 2008 195 $289,000 $156.48 149    
Jan 2008 165 $285,000 $170.23 146    
Dec2007 228 $283,950 $167.22 143    
Nov2007 204 $299,750 $172.24 126    
Oct2007 241 $296,000 $173.55 116    
Sep2007 230 $299,945 $179.46 114    
Aug2007 311 $305,000 $182.49 118    
Jul2007 300 $315,000 $189.78 113    
Jun2007 329 $320,000 $196.78 104    
May2007 364 $313,200 $190.81 107    
Apr2007 320 $309,500 $193.93 121    
Mar2007 324 $315,000 $189.61 121    
Feb 2007 269 $315,000 $191.18 126    
Jan 2007 245 $312,900 $199.79 133    
Dec2006 291 $309,000 $193.51 114    
Nov2006 281 $318,000 $197.32 111    
Oct 2006 363 $312,400 $201.44 105    
Sep2006 344 $314,950 $198.08 98    
Aug2006 349 $325,000 $210.92 94    
Jul2006 373 $335,000 $210.62 93    
Jun2006 424 $339,000 $214.54 91    
May2006 374 $339,950 $219.05 99    
Apr2006 368 $334,600 $212.08 88    
Mar2006 387 $340,000 $215.54 99    
Feb 2006 283 $335,000 $217.29 101    
Jan 2006 274 $365,000 $216.38 98    
Dec2005 333 $355,000 $217.31 89    
Nov2005 385 $349,000 $220.00 81    
Oct2005 484 $359,450 $223.06 77    
Sep2005 531 $354,500 $219.26 77    
Aug2005 582 $360,500 $220.52 73    
Jul2005 608 $353,000 $218.99 71    
Jun2005 679 $350,000 $215.69 69    
May2005 644 $333,250 $209.95 68    
Apr2005 558 $326,750 $207.57 77    
Mar2005 584 $325,000 $200.17 81    
Feb 2005 342 $318,500 $197.54 88    
Jan 2005 341 $310,000 $195.19 85    
Dec2004 450 $312,500 $190.72 77    
Nov2004 448 $309,950 $191.62 63    
Oct2004 512 $299,250 $188.72 53    
Sep2004 496 $292,750 $185.78 61    
Aug2004 505 $285,000 $182.95 56    
Jul2004 544 $304,300 $179.28 61    
Jun2004 533 $285,000 $172.16 65    
May2004 476 $278,750 $169.64 65    
Apr2004 526 $259,950 $158.08 67    
Mar2004 508 $245,000 $142.56 71    
Feb 2004 365 $237,000 unavailable 81    
Jan 2004 380 $228,500 unavailable 78    
Dec2003 441 $240,000 unavailable 82    
Nov2003 444 $220,750 unavailable 78    
Oct2003 430 $219,880 unavailable 76    
Sep2003 587 $223,000 unavailable 71    
Aug2003 512 $220,000 unavailable 75    
Jul2003 533 $210,000 unavailable 77    
Jun2003 475 $207,000 unavailable 77    
May2003 450 $198,950 unavailable 85    
Apr2003 478 $197,750 unavailable 82    
Mar 2003 428 $192,000 unavailable 77    
Feb 2003 321 $186,895 unavailable 79    
Jan 2003 316 $186,000 unavailable 96    
Dec 2002 379 $193,500 unavailable 93    
Nov 2002 423 $190,000 unavailable 82    
Oct 2002 483 $189,900 unavailable 83    
Sep 2002 410 $174,000 unavailable 85    
Aug 2002 459 $180,000 unavailable 74    
Jul 2002 469 $176,000 unavailable 83    
Jun 2002 445 $185,000 unavailable 80    
May 2002 470 $178,450 unavailable 77    
Apr 2002 360 $169,500 unavailable 93    
Mar 2002 377 $169,000 unavailable 84    
Feb 2002 323 $170,900 unavailable 89    
Jan 2002 269 $172,475 unavailable 99    
Dec 2001 287 $182,000 unavailable 86    
Nov 2001 323 $161,500 unavailable 85    
Oct 2001 357 $166,500 unavailable 79    
Sep 2001 355 $168,000 unavailable 81    
Aug 2001 448 $160,350 unavailable 84    
Jul 2001 433 $169,900 unavailable 90    
Jun 2001 426 $166,225 unavailable 96    
May 2001 404 $162,050 unavailable 97    
Apr 2001 370 $158,750 unavailable 94    
Mar 2001 385 $159,900 unavailable 97    
Feb 2001 294 $159,950 unavailable 103    
Jan 2001 264 $165,000 unavailable 102    
Dec 2000 272 $156,500 unavailable 100    
Nov 2000 355 $154,500 unavailable 93    
Oct 2000 348 $153,000 unavailable 98    
Sep 2000 356 $160,000 unavailable 104    
Aug 2000 412 $163,375 unavailable 94    
Jul 2000 368 $155,000 unavailable 110    
Jun 2000 466 $165,845 unavailable 104    
May 2000 363 $158,000 unavailable 105    
Apr 2000 312 $155,000 unavailable 113    
Mar 2000 339 $162,700 unavailable 102    
Feb 2000 244 $149,620 unavailable 110    
Jan 2000 223 $156,000 unavailable 113    
Dec 1999 264 $155,000 unavailable 118    
Nov 1999 293 $149,900 unavailable 98    
Oct 1999 289 $147,895 unavailable 108    
Sep 1999 311 $157,000 unavailable 106    
Aug 1999 360 $148,500 unavailable 112    
Jul 1999 375 $147,800 unavailable 105    
Jun 1999 372 $150,000 unavailable 103    
May 1999 307 $145,500 unavailable 106    
Apr 1999 324 $151,700 unavailable 111    
Mar 1999 308 $151,000 unavailable 121    
Feb 1999 249 $148,900 unavailable 120    
Jan 1999 210 $143,000 unavailable 115    
Dec 1998 265 $140,000 unavailable 118    
Nov 1998 280 $152,800 unavailable 126    
Oct 1998 286 $142,825 unavailable 115    
Sep 1998 279 $144,500 unavailable 102    
Aug 1998 331 $145,000 unavailable 113    
Jul 1998 335 $150,000 unavailable 108    
Jun 1998 351 $148,500 unavailable 103    
May 1998 302 $145,500 unavailable 99    
Apr 1998 235 $149,000 unavailable 111    
Mar 1998 267 $142,500 unavailable 114    
Feb 1998 201 $139,900 unavailable 126    
Jan 1998 167 $149,490 unavailable 129    

Note: The medians table above is updated on a monthly basis. The median home price data reported covers the cities of Reno, Nevada and Sparks, Nevada [NNRMLS Area #100]. Residential data includes Site/Stick Built properties only. Data excludes Condo/Townhouse, Manufactured/Modular and Shared Ownership properties. Data courtesy of the Northern Nevada Regional MLS – December 2010.  Note: This information is deemed reliable, but not guaranteed.

27 comments

  1. E.Edward

    Shorts sales and more short sales, The mls has become one big pile of short sales……Translated, thats right, One big pile of coming foreclosure’s

    Congratulations to the renters out there, You just picked the best time in history to be renting!

  2. skeptical

    Stability, huh mikez?

  3. Martin

    Guy, I have a question. Those historical numbers that you post going back to 1998, do they include condos or just stickbuilt SFRs?

    Thanks.

  4. bob_c

    I look at the daily new listings each day. If there are 41 listings I start looking at 21
    (the median and above) and have notice that the asking prices of these median daily listings have fallen off a cliff—-i should have charted them. But the the number has dropped, the quality of decebt homes seems to have dropped and this is this ‘off’ seasdon. Just my 2 cents, but the downward pressure is still on.

  5. bob_c

    lol at my typos…..playing x box while typing this

  6. Guy Johnson

    Martin,
    The historical numbers above include just stick built SFRs. Condos and townhouses are excluded.
    – Guy

  7. bob_c

    30 year interest rates climbing as i type–another headwind

  8. jerry

    Stability? I don’t think so! PPSF a NEW ALL TIME LOW!

  9. Smarten's Vanishing Equity

    One thing I find interesting to note here is that when condos and townhouses are included in the data- the old metric Guy used to use- the median price is $151,000. Smarten likes to talk about credibility, but when he went on record to say that prices would never drop below $200k, it included condos and townhomes. This shows how little he actually understood about the market. When BB first mentioned a median of $135k, Guy was still grouping all of the data together. This latest number is a mere $16k from reaching BB’s number. Smarten who?

  10. smarten

    Boy, for someone who complains about someone else’s head being so far up someone’s rear end, SVE sure seems as far up Mr. BB’s, if not higher [is that possible?]. That’s of course if one believes SVE and Mr. BB are not one in the same – NOT. Why such the concern SVE about smarten’s credibility? No one [and that includes Mr. BB] can predict with accuracy how low or high the market will go. All one can do is give his/her best estimate along with his/her reasons which support that estimate. Then you can accept or reject it.

    And smarten never said the median sales price would NEVER go below $200K. He rendered an opinion that he could not see it going below $200k. But he never said the never to which you subscribe. Just as he has never said that the median sales price cannot go lower than where it is. On the other hand, where did he opine the SFR median would stand at the end of this year? And where did Mr. BB? Who opined 30 year fixed rate mortgages [with no origination fees] would hit 4.5% if we were lucky?

    Smarten has nothing to prove Mr. BB. But it appears that you do. Maybe you want to add removing that penchant to your list of this new year’s resolutions?

  11. smarten

    And when Mr. BB first mentioned a median of $135k, it was NOT while Guy was still grouping all of the data [condos and SFRs] together. Go back to Guy’s ground rules [ https://renorealtyblog.wpengine.com/2009/12/median-sales-price-%e2%80%93-let%e2%80%99s-hear-your-predictions-for-next-year.html ]: “we’ll use the median sales price as determined by Reno and Sparks sales reported on our MLS (Northern Nevada Regional MLS). I’ll use the same criteria that I use each month to report sales data. Namely, the median sold home price will be calculated by pulling all residential sales during the month of December 2010 that occur in the cities of Reno and Sparks, Nevada [NNRMLS Area #100]. Residential sales will include Site/Stick Built properties only. Sales of Condo/Townhouse, Manufactured/Modular and Shared Ownership properties will be EXCLUDED.” And in RESPONSE your Mr. BB stated “I’m going to go out on a limb and call for a median of $135k this December after the ‘worse than expected’ news starts coming out next year.” Mr. BB who…CARES?

  12. Smarten's Vanishing Equity

    I’m merely illustrating that Smarten has ZERO credibility. I will defend BB because he has proven to be spot on thus far. Smarten continues to change his predictions as time goes on. BB didn’t. Anybody can be an armchair quarterback. If BB showed up here singing a different tune, and started calling for a median of $165k by the end of this year, I’d call him out on it too. Smarten has a short memory, but many of us don’t. Just a few weeks ago, he and MikeZ were deriding and mocking BB’s prediction of a $135k median (much like Derrick, etc.) when, in fact, he has proven to be somewhat of a soothsayer. Smarten is a phony.

  13. Smarten's Vanishing Equity

    You’re completely wrong, Smarten. BB called for a median of $135k way before that thread.

  14. smarten

    Put up or shut up SVE. Show us all Mr. BB’s $135K median sales price call “way before that thread.” And if you’re going to call me a phoney, it’s MR. Phoney to you!

  15. Old Realtor

    I am not so sure that those historical figures from 1998, 1999, 2000, etc. excluded condos. For a long time, the Board of Realtors included all sales, including condo sales, in their reports.
    If I recall correctly, when Ms. Cohn was posting her monthly median sales reports as recently as 2-3 years ago, she was capturing the NNMLS data, which included condos.
    It may well be that the combined median of $151K today puts us back to where we were in the late 1990s.
    Old Realtor

  16. Wizzardless

    Just out of curiosity, what is the condo median today?
    About $60K?

  17. Guy Johnson

    Old Realtor,
    You are correct regarding Ms. Cohn’s methodology. Her numbers included condos.
    However, regarding the historical data that I post (above), condos have not been included. I re-pulled all the historical data a while back to exclude condos and town houses.
    – Guy

  18. Guy Johnson

    Wizardless,
    81 condos and townhouses were sold in November for a median sold price of $53,100.
    – Guy

  19. smarten

    Which leads me to my next point.

    If I’m a Reno/Sparks purchaser and I’m not interested in buying a condo, what direct relevance to me is a $53.1K median sales price for condos? And vice-versa.

  20. Smarten's Vanishing Equity

    This is six months prior to the thread you reference, Smarten, and from his own words would indicate that BB was calling for $135k in 2008. Read it and weep.

    BanteringBear says:
    June 10, 2009 at 7:58 PM

    Oh, the pain! This market is taking an absolute throttling, and it doesn’t look like prices will be increasing anytime soon. I remember, last year, suggesting a median of $135k and getting laughed at. People couldn’t comprehend such a thing. Why? Because they were fixated on where prices went, instead of where they came from…

    https://renorealtyblog.wpengine.com/2009/06/may-median-sold-price-units-dom-and-sqft.html/comment-page-1#comments

  21. Smarten's Vanishing Equity

    Smarten has no credibilty.

    BanteringBear says:
    January 20, 2009 at 1:31 PM

    If the market in Reno over corrects, which history has proven is possible when bubble’s burst, we could easily be talking about a median price of $120k- or less.</B? That doesn’t take into account the seemingly unstoppable onslaught of job losses, wage destruction, and general economic malaise.

    https://renorealtyblog.wpengine.com/2009/01/memory-lane.html/comment-page-1#comments

  22. lurker

    When a guy starts referring to himself in the third person, then I know he’s going cuckoo (unless he’s a wide-receiver in the NFL…..)

    I’m starting to be swayed by SVE’s comments that smarten is nuts!

    Above, smarten said, “And smarten never said the median sales price would NEVER go below $200K. He rendered an opinion that he could not see it going below $200k. But he never said the never to which you subscribe. Just as he has never said that the median sales price cannot go lower than where it is. On the other hand, where did he opine the SFR median would stand at the end of this year?…”

  23. billddrummer

    Great data as usual, Guy.

    Thanks.

  24. jerry

    pfheeww! I came close to purchasing a 2nd property 3 months ago! I am sure happy I didn’t! 275k CASH still waiting…. 🙂

  25. nevhomeowner

    But guys . . . Zillow says my house went up $9000 in the last 30 days . . .

  26. Randy Vanderpool

    Sorry to see the numbers dip a bit. Here’s to hoping that all of our markets see a huge rise in 2011! Thanks for making you stats availible for all of us, it really helps excite or comfort us.

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