Thank you to our friends at First Centennial Title for providing the monthly Market Condition report below.
Just as we saw with November’s Market Condition report, December’s shows the direction of many of the metrics remaining unchanged. From December’s report:
“Activity gradually slowing (same report as last month). SFR closing price posted a $2K gain while Condo prices especially weak. This trend supports the notion that residual weakness in price is still present in the market (especially for Condo). In most Western markets, prices have stabilized with upticks occurring with greater frequency.”
December’s median sold price for SFRs across Washoe County was $185,000; up 1.1% from November’s median of $183,000.
Click on the report to enlarge.
Recent MCR reports:
