February’s Monthly Market Reports have been released by the Reno/Sparks Association of REALTORS®. Click on the links below to access February’s reports.
Conclusions from the Reno/Sparks Market Report:
- February sales were the highest number reported for the month of February in MLS history. Beginning in December 2010, this is
the third consecutive month the market has seen record or near record numbers in year over year sales.
- Year-to-date 2011 sales are 72 sales ahead of 2010.
- Year over year February median sales price is down 5.3%. February typically begins the trend of improving prices after the winter cool down.
- At the current median price and historic low interest rates, an individual or family with an income of about $42,000 can afford the median price home in the greater Reno/Sparks area
These reports contain some nice graphs, for example…
Reprinted with permission by the Reno/Sparks Association of REALTORS®.