The Reno/Sparks Association of REALTORS® has released its real estate market report for March 2014. The report can be accessed by clicking on the chart below.
Commentary from March’s report:
“Median price is up substantially from the bottom of the market in January 2012, a positive statement about the recovering real estate market after seven years of declining values,” said Mark Ashworth, 2014 president of the Reno/Sparks Association of REALTORS. “After the acceleration in median price in 2012 and early 2013, the growth in median sales price has slowed. We see this as another positive sign of recovery. We are cautiously optimistic that the market is in the midst of a true leveling or more normal appreciation. March 2014 median price was down -3.4% to $227,000 compared to $235,000 in February 2014 and up 16.4% compared to $195,000 in March 2013.
related post: RSAR Monthly Market Report – December 2013
RSAR Monthly Market Report – April 2014 | Reno Real Estate Blog
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