FCT’s Market Condition Report – January 2013

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Our friends at First Centennial Title have released their Market Condition Report (MCR) for January. (Click on the report below to enlarge.)

FCT Jan 13 Market Condition Report
Commentary from January’s MCR…

Price is rising but the rate of increase has slowed due to a negative correction in January. Supply and demand remain tight except in Fallon and Yerington. Areas where price is below 3.0 ratio of supply to demand will most likely continue to increase on a consistent basis. Usually, as price rises, supply will begin to rise also as sellers are attracted to the more promising price schedule. Also, the normal increase in supply and demand associated with the change in market cycles will begin in March. Sparks remains very strong (seller perspective) where there is a significant excess of demand over supply. SFR comprises about 88% of total market activity.

Related post: FCT’s Market Condition Report – December 2012

About Guy Johnson

I am a licensed Nevada REALTOR® living and working in Reno, Nevada. Give me a call at 775-722-4011. My team and I will be happy to assist you with your real estate needs.
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One Response to FCT’s Market Condition Report – January 2013

  1. Pingback: FCT’s Market Condition Report – February 2013 | Reno Real Estate Blog

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