The latest market reports provided by the Reno/Sparks Association of REALTORS® have been released for December 2010.
As I’ve said in the past, they do a good job with the charts presenting the data. Here are a couple examples of the charts you’ll find in the report.
These most recent reports also contain commentary from the RSAR’s new president, Sherrie Cartinella. From the report: “This past year was one of leveling median sales prices and an artificial stimulus of sales as a result of government incentives as indicated by the year-over-year statistics,” said Sherrie Cartinella, 2011 RSAR president and a REALTOR with Coldwell Banker Select Real Estate. “Although we did experience a slight decrease in median sales prices, December 2010 sales are the highest in recorded history. For the past four consecutive Decembers, we have seen year over year increases in sales numbers. We are cautiously optimistic that 2011 will be yet another year of stabilization of pricing and sales without incentives.”
- Click here for the Reno December 2010 Monthly Market Report.
- Click here for the Fernley December 2010 Monthly Market Report.
Reports provided with permission by the Reno/Sparks Association of REALTORS®.
Sully
Interesting sold – to- asking – price ratio. Every house I’ve comped has been closer to 10 – 15%. Maybe averaging the numbers isn’t working correctly.
bob_c
Sully,
I think that exact thought. Only explanation I can come up with is realtor
posts last counter offer as ask price, rather than whats listed on the MLS.
LikeBigBottoms
Absolutely, positively the bottom. Hoss, time to back up the truck and load up on some of these cheap properties. Wooohoooo!
http://finance.yahoo.com/news/US-Home-Prices-Slump-Again-nytimes-179536324.html?x=0&.v=2
MikeZ
Absolutely, positively the bottom.
Umm, silly question: did you read beyond the headline?
CSHP index is 3.3% above the prior low. This isn’t a new bottom. (yet)
Anonymous Coward
Re: Sully & bob_c
I also thought the sold:asking ratio seemed too high. Maybe our perception is skewed because we look mostly at equity sales, or at the higher end of the market? I have seen a few short sales go for higher than the asking price. (I assume due to negotiations with the bank?) Perhaps there are more of these than we think?
Re: MikeZ
Surely you’ve been around these parts long enough to know that LBB’s posts are sarcastic.