FCT’s Market Condition Report – February 2012

Below please find February’s Market Condition Report for the Northern Nevada area provided by our friends at First Centennial Title Company of Nevada.

The February Market Condition Report shows the ratio of supply to demand is solidly in the green for Reno, Sparks and Fernley. What does green indicate? From the report…

The Ratio of Supply to Demand measures the number of units of supply relative to the number of closings per month (demand). All other things being equal, the smaller this number, the tighter the area market. Green formatting signals relatively tight markets in the area segment. Weeks Supply Given Demand is the absorption rate (the number of weeks required to exhaust current supply given current demand).

Click on the report below to enlarge…