FCT’s Market Condition Report – January 2015

Our friends at First Centennial Title have released their Market Condition Report for the Reno, Nevada area for the month of January. (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.

Both Reno’s and Sparks’ Supply to Demand ratio are very low currently — coming in at 1.9 and 1.3, respectively — signally an extremely tight markets.

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