Sales remained steady through December, with overall activity off 33% from the year prior. Meanwhile, the median sales price dropped to a new low at $265,000. Months supply of inventory decreased in every price category as expiration rates increased, most likely due to the holiday season. Overall we have a nearly 16-month supply of homes. It is definitely still a buyer’s market. Full report.
I'm Your Guy!
775-722-4011
GreenNV
I think everyone is still bookmarked to the old URL. It you click on “Reno Realty Blog” on the old home page it will bring up the new blog – but no one knows it!
Josh
So we’ve had a $23,195 decline in median sales price Nov-Dec. Looking at the month-month changes in this post https://renorealtyblog.wpengine.com/2007/12/november-median-home-prices.html we haven’t experienced a $20K advance or decline for at least 3 years. I’d equate this to a stock gapping down. If this keeps up the correction really could be done by the mid-late 2008.
The WordPress site is looking great btw