December’s Reno-Sparks Market Report provided by the Reno/Sparks Association of REALTORS® is now available and can be accessed by clicking on the chart below.
Commentary from December’s report:
- “Median sales prices are rising but not at the levels we saw in 2012 and the first six months of this year,” said Mark Ashworth, 2014 president of the Reno/Sparks Association of REALTORS. “We see this as signs that the market beginning to stabilize. December sales are up 2% from November 2013. The 2013 market has returned to its normal seasonality of a winter slow down with sales higher in the spring and summer months.” December 2013 median price was up 2.0% to $229,500 compared to $224,900 in November 2013 and up 23.1% compared to $186,500 in December 2012.
- December 2013 median price on properties with no special conditions was up 5.8% to $255,000 compared to $241,000 in November 2013 and up 16.4% compared to $219,000 in December 2012.
- December 2013 median price on REO (Bank Owned) properties was up 1.0% to $193,000 compared to $191,000 in November 2013 and up 22.5% compared to $157,500 in December 2012.
- December 2013 median price on short sales properties was up 2.7% to $185,000 compared to $180,100 in November 2013 and up 12.1% compared to $165,000 in December 2012.
- December 2013 units sold was up 1.9% to 484 compared to 475 in November 2013 and down -1.6% compared to 492 in December 2012.
- December 2013 average days on market was up 7.1% to 111 compared to 104 in November 2013 and down -20.2% compared to 140 in December 2012
- December 2013 new listings was down -42.9% to 275 compared to 482 in November 2013 and down -10.1% compared to 306 in December 2012.
related post: RSAR Monthly Market Report – October 2013
