Sales in June 2008 were actually up 2% from the year prior. Activity in the under $300K range improved again as it worked its way down to nine months of inventory. The $300K-500K range gained some ground, declining to 11 months of inventory from 15. The $500K-1 million category crept along much like last month and still favors the buyer with well over two years of inventory. The $1-2 million range choked with only three sales and an increase in inventory to 78 months, while the $2 million plus range had a burst of activity with three closings. Full report.
Data courtesy of NNRMLS, June 2008. Report includes Stick-Built Single Family, Condo/Townhomes, and Real Property Manufactured Housing in Reno-Sparks (Area 100).