But what these totals do not show is where home buyers are purchasing, and how has this changed. Last week I posted a piece breaking out 2013 sales by MLS area — See What areas in Reno and Sparks sell the most homes? This week I though I would to take the analysis a step further and show how the number of sales in each area compare to the previous year’s numbers.
The table below show the percent change in the number of home sales for 2013 compared to 2012, broken out by the top-selling MLS areas. I then sorted the table by % change — greatest to least.
|Rank||MLS Area||% Change|
As you can see many areas in Reno Sparks saw a large increase in the number of homes purchased, while others saw a large decrease. [To see the boundaries of the MLS areas click Reno-Sparks MLS Area Map]
I realize the two years does not a trend make, but by tracking sales over several years perhaps migratory trends can be ascertained. What are your thoughts? Useful information?
The data above is based off of total residential sales across all property types, including: site/stick built; condo/townhouse; manufactured/modular; shared ownership. Data courtesy of the Northern Nevada Regional MLS – January 2014. Note: This information is deemed reliable, but not guaranteed.