FCT’s Market Condition Report – August 2015

Our friends at First Centennial Title have released their Market Condition Report for the Reno, Nevada area for the month of August. (Click on the report below to enlarge.)

FCT Market Condition Report Aug 2015

Although the ratios of supply and demand remain formatted in the “green” — signaling relatively tight markets — the market velocity is easing a bit. Reno’s ratio of supply to demand value of 2.2 is up over June’s 1.9 number. Similarly Sparks’ Ratio of Supply to Demand value of 2.0 is also up from June’s ratio of 1.2.

In addition to an increasing supply and decreasing demand other seasonal trends are also beginning to appear — i.e. longer days on market, increasing weeks supply of inventory and decreasing percent selling.

Related post: FCT’s Market Condition Report – June 2015

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About Guy Johnson

I am a licensed Nevada REALTOR® (lic.# S.0075262) living and working in fabulous Reno, Nevada. I cover Reno, Sparks, Incline Village, Carson City, and beyond. Give me a call at 775-722-4011 and I will be happy to assist you with your real estate needs. I'm your Guy!
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