Washoe County Insured Recording Statistics – December 2010

Washoe County new home sales, resales, and re-fi recordings for December have been compiled and released by our friends at Ticor Title.

As I mentioned in my last monthly median post, sales as reported on our MLS spiked in December.  The numbers provided by Ticor also show this.  676 recorded re-sales marked a very strong December – the strongest we’ve seen in a few years and an increase of 14.6 percent over November’s resales.  Will this level of activity continue into January?  I don’t think so.  I believe much of December’s activity was fueled by lenders attempting to get pending REOs off their books before year-end.  Recall, 39 percent of December’s sales were REOs – up from 32 percent for November.

Re-fi’s continue their surge, coming in at 733 for the month – a number we haven’t seen since last Summer.

Click on the charts below to enlarge.

Washoe County Insured Recordings Washoe County Insured Recordings

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