FCT’s Market Condition Report – March 2014

Our friends at First Centennial Title have released their Market Condition Report for the Reno, Nevada area for the month of March. (Click on the report below to enlarge.)

…from March’s report:

Supply is shrinking and demand is increasing. This is forcing demand supply ratios down (market tightening). Market activity can be expected to increase. Median price (based on a trending period of 13 months) is increasing at the rate of about $2,300 per month. On the same scale, Condo is increasing at the rate of about $300 per month. Condo price very volatile.

related post: FCT’s Market Condition Report – January 2014