“August 2013 unit sales were the highest number of sales than any other August in the history of NNRMLS,” said Helen Graham, 2013 president of the Reno/Sparks Association of REALTORS®. “As we had anticipated, we are beginning to see leveling in median sales price versus the high appreciation in home median prices that has taken place in the last 16 months. This may be due to the beginning of the seasonal softening of median sales price, or the recent increase in interest rates. And despite this increase in interest rates, they remain at historic lows and affordable for qualified buyers.” August 2013 median price was up 2.3% to $220,000 compared to $215,000 in July 2013 and up 25.4% compared to $175,500 in August 2012.
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related post: RSAR Monthly Market Report – June 2013