FCT’s Market Condition Report – December 2014

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

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.

Reno’s Supply to Demand ratio fell beneath 2.0 in December to 1.8 — this was a significant drop from Reno’s Supply to Demand of 2.3 in November. Sparks saw a similar drop in its market’s Supply to Demand ratio — falling from 1.8 in November to a very low 1.2 in December; and signally an extremely tight market.

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