Washoe County insured recordings statistics – July 2015

Below please find Washoe County, Nevada’s insured recordings (resales, new home sales, and refinances) statistics for July provided by our friends at Ticor Title of Nevada, Inc.

Commentary from the report:

The Market Statistics for Resale, Refinance, and New Homes have stayed steady month by month.  For June, the Resale transactions that were cash were 23.30% and for July it was 23%.  A definite difference compared to last year where the average was around 35% cash.
Buyers are holding for affordable properties and are not making hasty decisions because of the low inventory.  Sellers are overpricing their homes and we are now seeing a major increase in price reductions.  Buyers and Sellers are at an impasse and are waiting for each other’s next move. The words on the streets are APPRAISAL & PRICE REDUCTIONS! Appraisals are not coming in and deals are canceling and on MLS there are a lot of Price Reductions.  Does anyone see the writing on the wall here?  BUYER’S MARKET!!!

[Click on the chart below to enlarge.]

Below please find Washoe County, Nevada Notices of Default (NODs), Notices of Sale (NOSs), Trustees Deed Filings (TDs) and New SFR REO Listings statistics for July 2015 provided to us by our friends at Ticor Title of Nevada, Inc.

[Click on the chart below to enlarge.]

Commentary from the report:

The number of Notice of Defaults, Notice of Sales and Trustees Deeds recorded in the past few months have been consistent month to month. 

Related post: Washoe County insured recordings statistics – April 2015