Category Archives: Agent Insights

Inventory now measured in days, not months

Posted on March 27, 2012 by Guy Johnson

The current inventory levels are crashing. The housing market now has less than a months supply of active inventory in some of the faster selling areas around Reno and Sparks, Nevada (see table below). Keep in mind that a neutral … Continue reading →

Posted in Agent Insights | Tagged | 68 Comments

February median sold price, units, DOM, $/sq.ft.

Posted on March 8, 2012 by Guy Johnson

Rebound! February’s median sold price jumped 7.4 percent over January’s $135,000 to return to $145,000. This 7.4 percent increase follows the 12.9 percent fall we saw in January. Volatility is the word of the day. Year-over-year, February’s median sold price … Continue reading →

Posted in Agent Insights | Tagged | 81 Comments

Washoe County foreclosure-related recordings – February 2012

Posted on March 7, 2012 by Guy Johnson

Below are Washoe County’s foreclosure-related statistics for February 2012 provided by our friends at Ticor Title of Nevada. Click to enlarge… Notices of Default (NODs) remain low. Consequently, Notices of Sale (NOSs) continue to slide. And a decrease in the … Continue reading →

Posted in Agent Insights, Foreclosures | Tagged , , | 7 Comments

Washoe County real estate licensees decline nearly 5%

Posted on March 6, 2012 by Guy Johnson

Despite newly licensed agents entering the real estate arena the overall number of licensed brokers and agents throughout out the state continues to decline as agents leave the business voluntarily, or otherwise. January’s number of licensees hit a new low. … Continue reading →

Posted in Agent Insights | Tagged | 4 Comments

ActiveRain’s predictions by the pros

Posted on February 22, 2012 by Guy Johnson

Thank you to a reader of the blog for passing along a link to the survey below. ActiveRain, the largest and most active social network in the real estate space, conducted a survey of 1,835 real estate agents and brokers … Continue reading →

Posted in Agent Insights | Tagged | 5 Comments

Cash is King – more than ever

Posted on February 21, 2012 by Guy Johnson

More properties were purchased for cash in 2011 than in any previous year. Of the 7,233 MLS-reported sales (all property types) in the Reno and Sparks markets 2,517, or nearly 35% were purchased for cash. If we restrict the analysis … Continue reading →

Posted in Agent Insights, Lending | Tagged , | 15 Comments

January median sold price, units, DOM, $/sq.ft

Posted on February 7, 2012 by Guy Johnson

$135,000?! Whoa! What happened to the median sales price in January? January’s median sales price plummeted a whopping 12.9 percent from December’s median sales price — the largest 1-month drop we’ve ever seen. January’s median sales price was $135,000, and … Continue reading →

Posted in Agent Insights, Market Trends | Tagged | 32 Comments

Super Bowl Sunday and real estate

Posted on February 5, 2012 by Guy Johnson

It’s Super Bowl Sunday. And regardless of how you chose to spend it, I trust you will have an enjoyable day. Here in Reno the forecast calls for a beautiful, sunny, cloudless 50-degree afternoon. For real estate agents Super Bowl … Continue reading →

Posted in Agent Insights, Market Trends | Tagged | 11 Comments