November unit sales, 384, fell nearly 8 percent from October’s 416 sales. The median sales price of November’s houses sold was $169,950. This number represents a 2.9 percent decrease from October’s median sold price of $174,950.
For the fourth month in a row the median sold price per square foot was below the $100-level, coming in at a new low of $96.29/square-foot.
The number of Active listings fell four percent this month, while the number of Pendings was essentially unchanged from October.
November sales by type break out as follows:
- Bank-owned properties: 32% – down from October’s 34%
- Short sales: 31% – down from October’s 32%
- Equity sales: 36% – up from October’s 33%
November sales by price band break out as follows:
| sales price ($000’s) | units sold |
| 0 – 99 | 46 |
| 100 – 199 | 188 |
| 200 – 299 | 84 |
| 300 – 399 | 34 |
| 400 – 499 | 18 |
| 500 – 599 | 8 |
| 600 – 699 | 0 |
| 700 – 799 | 2 |
| 800 – 899 | 2 |
| 900 – 999 | 1 |
| 1M+ | 1 |
| total | 384 |
For those readers who prefer the median sold price for houses and condos combined, November’s 465 sold houses, condos and town homes exhibited a combined median sold price of $151,000 – down from October’s combined median of $161,000.
See all the data below.
| Month Year | # Sold | Sold Price | Sold Price per Sq Ft | Average DOM | # of Listings | # of Pendings |
| Nov 2010 | 384 | $169,950 | $96.29 | 141 | 2,060 | 1,376 |
| Oct 2010 | 416 | $174,950 | $98.06 | 134 | 2,146 | 1,371 |
| Sep 2010 | 466 | $168,000 | $97.52 | 133 | 2,186 | 1,473 |
| Aug 2010 | 449 | $180,000 | $97.53 | 127 | 2,222 | 1,513 |
| Jul 2010 | 414 | $180,000 | $101.74 | 129 | 2,158 | 1,580 |
| Jun 2010 | 602 | $170,000 | $100.52 | 145 | 1,966 | 1,625 |
| May 2010 | 450 | $175,807 | $102.37 | 138 | 1,789 | 1,804 |
| Apr 2010 | 510 | $179,995 | $103.13 | 128 | ||
| Mar 2010 | 477 | $175,000 | $99.14 | 142 | ||
| Feb 2010 | 338 | $170,000 | $101.68 | 138 | ||
| Jan 2010 | 346 | $167,000 | $97.06 | 134 | ||
| Dec 2009 | 424 | $178,000 | $101.28 | 126 | ||
| Nov 2009 | 461 | $175,000 | $103.61 | 112 | ||
| Oct 2009 | 561 | $180,000 | $103.52 | 123 | ||
| Sep 2009 | 520 | $185,948 | $103.31 | 128 | ||
| Aug 2009 | 482 | $179,900 | $102.64 | 116 | ||
| Jul 2009 | 515 | $180,000 | $103.45 | 126 | ||
| Jun 2009 | 536 | $180,317 | $104.09 | 136 | ||
| May 2009 | 426 | $175,000 | $102.29 | 139 | ||
| Apr 2009 | 429 | $190,000 | $105.71 | 133 | ||
| Mar 2009 | 369 | $200,000 | $105.85 | 133 | ||
| Feb 2009 | 293 | $205,000 | $111.52 | 132 | ||
| Jan 2009 | 233 | $200,000 | $113.04 | 117 | ||
| Dec 2008 | 294 | $218,950 | $121.74 | 145 | ||
| Nov 2008 | 269 | $220,000 | $122.24 | 152 | ||
| Oct 2008 | 354 | $230,000 | $131.43 | 144 | ||
| Sep 2008 | 358 | $239,250 | $136.72 | 145 | ||
| Aug 2008 | 321 | $250,000 | $142.14 | 140 | ||
| Jul 2008 | 397 | $251,000 | $145.48 | 139 | ||
| Jun 2008 | 369 | $262,500 | $148.05 | 142 | ||
| May 2008 | 314 | $260,215 | $152.30 | 134 | ||
| Apr 2008 | 314 | $275,000 | $154.05 | 172 | ||
| Mar 2008 | 238 | $274,000 | $150.93 | 166 | ||
| Feb 2008 | 195 | $289,000 | $156.48 | 149 | ||
| Jan 2008 | 165 | $285,000 | $170.23 | 146 | ||
| Dec2007 | 228 | $283,950 | $167.22 | 143 | ||
| Nov2007 | 204 | $299,750 | $172.24 | 126 | ||
| Oct2007 | 241 | $296,000 | $173.55 | 116 | ||
| Sep2007 | 230 | $299,945 | $179.46 | 114 | ||
| Aug2007 | 311 | $305,000 | $182.49 | 118 | ||
| Jul2007 | 300 | $315,000 | $189.78 | 113 | ||
| Jun2007 | 329 | $320,000 | $196.78 | 104 | ||
| May2007 | 364 | $313,200 | $190.81 | 107 | ||
| Apr2007 | 320 | $309,500 | $193.93 | 121 | ||
| Mar2007 | 324 | $315,000 | $189.61 | 121 | ||
| Feb 2007 | 269 | $315,000 | $191.18 | 126 | ||
| Jan 2007 | 245 | $312,900 | $199.79 | 133 | ||
| Dec2006 | 291 | $309,000 | $193.51 | 114 | ||
| Nov2006 | 281 | $318,000 | $197.32 | 111 | ||
| Oct 2006 | 363 | $312,400 | $201.44 | 105 | ||
| Sep2006 | 344 | $314,950 | $198.08 | 98 | ||
| Aug2006 | 349 | $325,000 | $210.92 | 94 | ||
| Jul2006 | 373 | $335,000 | $210.62 | 93 | ||
| Jun2006 | 424 | $339,000 | $214.54 | 91 | ||
| May2006 | 374 | $339,950 | $219.05 | 99 | ||
| Apr2006 | 368 | $334,600 | $212.08 | 88 | ||
| Mar2006 | 387 | $340,000 | $215.54 | 99 | ||
| Feb 2006 | 283 | $335,000 | $217.29 | 101 | ||
| Jan 2006 | 274 | $365,000 | $216.38 | 98 | ||
| Dec2005 | 333 | $355,000 | $217.31 | 89 | ||
| Nov2005 | 385 | $349,000 | $220.00 | 81 | ||
| Oct2005 | 484 | $359,450 | $223.06 | 77 | ||
| Sep2005 | 531 | $354,500 | $219.26 | 77 | ||
| Aug2005 | 582 | $360,500 | $220.52 | 73 | ||
| Jul2005 | 608 | $353,000 | $218.99 | 71 | ||
| Jun2005 | 679 | $350,000 | $215.69 | 69 | ||
| May2005 | 644 | $333,250 | $209.95 | 68 | ||
| Apr2005 | 558 | $326,750 | $207.57 | 77 | ||
| Mar2005 | 584 | $325,000 | $200.17 | 81 | ||
| Feb 2005 | 342 | $318,500 | $197.54 | 88 | ||
| Jan 2005 | 341 | $310,000 | $195.19 | 85 | ||
| Dec2004 | 450 | $312,500 | $190.72 | 77 | ||
| Nov2004 | 448 | $309,950 | $191.62 | 63 | ||
| Oct2004 | 512 | $299,250 | $188.72 | 53 | ||
| Sep2004 | 496 | $292,750 | $185.78 | 61 | ||
| Aug2004 | 505 | $285,000 | $182.95 | 56 | ||
| Jul2004 | 544 | $304,300 | $179.28 | 61 | ||
| Jun2004 | 533 | $285,000 | $172.16 | 65 | ||
| May2004 | 476 | $278,750 | $169.64 | 65 | ||
| Apr2004 | 526 | $259,950 | $158.08 | 67 | ||
| Mar2004 | 508 | $245,000 | $142.56 | 71 | ||
| Feb 2004 | 365 | $237,000 | unavailable | 81 | ||
| Jan 2004 | 380 | $228,500 | unavailable | 78 | ||
| Dec2003 | 441 | $240,000 | unavailable | 82 | ||
| Nov2003 | 444 | $220,750 | unavailable | 78 | ||
| Oct2003 | 430 | $219,880 | unavailable | 76 | ||
| Sep2003 | 587 | $223,000 | unavailable | 71 | ||
| Aug2003 | 512 | $220,000 | unavailable | 75 | ||
| Jul2003 | 533 | $210,000 | unavailable | 77 | ||
| Jun2003 | 475 | $207,000 | unavailable | 77 | ||
| May2003 | 450 | $198,950 | unavailable | 85 | ||
| Apr2003 | 478 | $197,750 | unavailable | 82 | ||
| Mar 2003 | 428 | $192,000 | unavailable | 77 | ||
| Feb 2003 | 321 | $186,895 | unavailable | 79 | ||
| Jan 2003 | 316 | $186,000 | unavailable | 96 | ||
| Dec 2002 | 379 | $193,500 | unavailable | 93 | ||
| Nov 2002 | 423 | $190,000 | unavailable | 82 | ||
| Oct 2002 | 483 | $189,900 | unavailable | 83 | ||
| Sep 2002 | 410 | $174,000 | unavailable | 85 | ||
| Aug 2002 | 459 | $180,000 | unavailable | 74 | ||
| Jul 2002 | 469 | $176,000 | unavailable | 83 | ||
| Jun 2002 | 445 | $185,000 | unavailable | 80 | ||
| May 2002 | 470 | $178,450 | unavailable | 77 | ||
| Apr 2002 | 360 | $169,500 | unavailable | 93 | ||
| Mar 2002 | 377 | $169,000 | unavailable | 84 | ||
| Feb 2002 | 323 | $170,900 | unavailable | 89 | ||
| Jan 2002 | 269 | $172,475 | unavailable | 99 | ||
| Dec 2001 | 287 | $182,000 | unavailable | 86 | ||
| Nov 2001 | 323 | $161,500 | unavailable | 85 | ||
| Oct 2001 | 357 | $166,500 | unavailable | 79 | ||
| Sep 2001 | 355 | $168,000 | unavailable | 81 | ||
| Aug 2001 | 448 | $160,350 | unavailable | 84 | ||
| Jul 2001 | 433 | $169,900 | unavailable | 90 | ||
| Jun 2001 | 426 | $166,225 | unavailable | 96 | ||
| May 2001 | 404 | $162,050 | unavailable | 97 | ||
| Apr 2001 | 370 | $158,750 | unavailable | 94 | ||
| Mar 2001 | 385 | $159,900 | unavailable | 97 | ||
| Feb 2001 | 294 | $159,950 | unavailable | 103 | ||
| Jan 2001 | 264 | $165,000 | unavailable | 102 | ||
| Dec 2000 | 272 | $156,500 | unavailable | 100 | ||
| Nov 2000 | 355 | $154,500 | unavailable | 93 | ||
| Oct 2000 | 348 | $153,000 | unavailable | 98 | ||
| Sep 2000 | 356 | $160,000 | unavailable | 104 | ||
| Aug 2000 | 412 | $163,375 | unavailable | 94 | ||
| Jul 2000 | 368 | $155,000 | unavailable | 110 | ||
| Jun 2000 | 466 | $165,845 | unavailable | 104 | ||
| May 2000 | 363 | $158,000 | unavailable | 105 | ||
| Apr 2000 | 312 | $155,000 | unavailable | 113 | ||
| Mar 2000 | 339 | $162,700 | unavailable | 102 | ||
| Feb 2000 | 244 | $149,620 | unavailable | 110 | ||
| Jan 2000 | 223 | $156,000 | unavailable | 113 | ||
| Dec 1999 | 264 | $155,000 | unavailable | 118 | ||
| Nov 1999 | 293 | $149,900 | unavailable | 98 | ||
| Oct 1999 | 289 | $147,895 | unavailable | 108 | ||
| Sep 1999 | 311 | $157,000 | unavailable | 106 | ||
| Aug 1999 | 360 | $148,500 | unavailable | 112 | ||
| Jul 1999 | 375 | $147,800 | unavailable | 105 | ||
| Jun 1999 | 372 | $150,000 | unavailable | 103 | ||
| May 1999 | 307 | $145,500 | unavailable | 106 | ||
| Apr 1999 | 324 | $151,700 | unavailable | 111 | ||
| Mar 1999 | 308 | $151,000 | unavailable | 121 | ||
| Feb 1999 | 249 | $148,900 | unavailable | 120 | ||
| Jan 1999 | 210 | $143,000 | unavailable | 115 | ||
| Dec 1998 | 265 | $140,000 | unavailable | 118 | ||
| Nov 1998 | 280 | $152,800 | unavailable | 126 | ||
| Oct 1998 | 286 | $142,825 | unavailable | 115 | ||
| Sep 1998 | 279 | $144,500 | unavailable | 102 | ||
| Aug 1998 | 331 | $145,000 | unavailable | 113 | ||
| Jul 1998 | 335 | $150,000 | unavailable | 108 | ||
| Jun 1998 | 351 | $148,500 | unavailable | 103 | ||
| May 1998 | 302 | $145,500 | unavailable | 99 | ||
| Apr 1998 | 235 | $149,000 | unavailable | 111 | ||
| Mar 1998 | 267 | $142,500 | unavailable | 114 | ||
| Feb 1998 | 201 | $139,900 | unavailable | 126 | ||
| Jan 1998 | 167 | $149,490 | unavailable | 129 |
Note: The medians table above is updated on a monthly basis. The median home price data reported covers the cities of Reno, Nevada and Sparks, Nevada [NNRMLS Area #100]. Residential data includes Site/Stick Built properties only. Data excludes Condo/Townhouse, Manufactured/Modular and Shared Ownership properties. Data courtesy of the Northern Nevada Regional MLS – December 2010. Note: This information is deemed reliable, but not guaranteed.
E.Edward
Shorts sales and more short sales, The mls has become one big pile of short sales……Translated, thats right, One big pile of coming foreclosure’s
Congratulations to the renters out there, You just picked the best time in history to be renting!
skeptical
Stability, huh mikez?
Martin
Guy, I have a question. Those historical numbers that you post going back to 1998, do they include condos or just stickbuilt SFRs?
Thanks.
bob_c
I look at the daily new listings each day. If there are 41 listings I start looking at 21
(the median and above) and have notice that the asking prices of these median daily listings have fallen off a cliff—-i should have charted them. But the the number has dropped, the quality of decebt homes seems to have dropped and this is this ‘off’ seasdon. Just my 2 cents, but the downward pressure is still on.
bob_c
lol at my typos…..playing x box while typing this
Guy Johnson
Martin,
The historical numbers above include just stick built SFRs. Condos and townhouses are excluded.
– Guy
bob_c
30 year interest rates climbing as i type–another headwind
jerry
Stability? I don’t think so! PPSF a NEW ALL TIME LOW!
Smarten's Vanishing Equity
One thing I find interesting to note here is that when condos and townhouses are included in the data- the old metric Guy used to use- the median price is $151,000. Smarten likes to talk about credibility, but when he went on record to say that prices would never drop below $200k, it included condos and townhomes. This shows how little he actually understood about the market. When BB first mentioned a median of $135k, Guy was still grouping all of the data together. This latest number is a mere $16k from reaching BB’s number. Smarten who?
smarten
Boy, for someone who complains about someone else’s head being so far up someone’s rear end, SVE sure seems as far up Mr. BB’s, if not higher [is that possible?]. That’s of course if one believes SVE and Mr. BB are not one in the same – NOT. Why such the concern SVE about smarten’s credibility? No one [and that includes Mr. BB] can predict with accuracy how low or high the market will go. All one can do is give his/her best estimate along with his/her reasons which support that estimate. Then you can accept or reject it.
And smarten never said the median sales price would NEVER go below $200K. He rendered an opinion that he could not see it going below $200k. But he never said the never to which you subscribe. Just as he has never said that the median sales price cannot go lower than where it is. On the other hand, where did he opine the SFR median would stand at the end of this year? And where did Mr. BB? Who opined 30 year fixed rate mortgages [with no origination fees] would hit 4.5% if we were lucky?
Smarten has nothing to prove Mr. BB. But it appears that you do. Maybe you want to add removing that penchant to your list of this new year’s resolutions?
smarten
And when Mr. BB first mentioned a median of $135k, it was NOT while Guy was still grouping all of the data [condos and SFRs] together. Go back to Guy’s ground rules [ https://renorealtyblog.wpengine.com/2009/12/median-sales-price-%e2%80%93-let%e2%80%99s-hear-your-predictions-for-next-year.html ]: “we’ll use the median sales price as determined by Reno and Sparks sales reported on our MLS (Northern Nevada Regional MLS). I’ll use the same criteria that I use each month to report sales data. Namely, the median sold home price will be calculated by pulling all residential sales during the month of December 2010 that occur in the cities of Reno and Sparks, Nevada [NNRMLS Area #100]. Residential sales will include Site/Stick Built properties only. Sales of Condo/Townhouse, Manufactured/Modular and Shared Ownership properties will be EXCLUDED.” And in RESPONSE your Mr. BB stated “I’m going to go out on a limb and call for a median of $135k this December after the ‘worse than expected’ news starts coming out next year.” Mr. BB who…CARES?
Smarten's Vanishing Equity
I’m merely illustrating that Smarten has ZERO credibility. I will defend BB because he has proven to be spot on thus far. Smarten continues to change his predictions as time goes on. BB didn’t. Anybody can be an armchair quarterback. If BB showed up here singing a different tune, and started calling for a median of $165k by the end of this year, I’d call him out on it too. Smarten has a short memory, but many of us don’t. Just a few weeks ago, he and MikeZ were deriding and mocking BB’s prediction of a $135k median (much like Derrick, etc.) when, in fact, he has proven to be somewhat of a soothsayer. Smarten is a phony.
Smarten's Vanishing Equity
You’re completely wrong, Smarten. BB called for a median of $135k way before that thread.
smarten
Put up or shut up SVE. Show us all Mr. BB’s $135K median sales price call “way before that thread.” And if you’re going to call me a phoney, it’s MR. Phoney to you!
Old Realtor
I am not so sure that those historical figures from 1998, 1999, 2000, etc. excluded condos. For a long time, the Board of Realtors included all sales, including condo sales, in their reports.
If I recall correctly, when Ms. Cohn was posting her monthly median sales reports as recently as 2-3 years ago, she was capturing the NNMLS data, which included condos.
It may well be that the combined median of $151K today puts us back to where we were in the late 1990s.
Old Realtor
Wizzardless
Just out of curiosity, what is the condo median today?
About $60K?
Guy Johnson
Old Realtor,
You are correct regarding Ms. Cohn’s methodology. Her numbers included condos.
However, regarding the historical data that I post (above), condos have not been included. I re-pulled all the historical data a while back to exclude condos and town houses.
– Guy
Guy Johnson
Wizardless,
81 condos and townhouses were sold in November for a median sold price of $53,100.
– Guy
smarten
Which leads me to my next point.
If I’m a Reno/Sparks purchaser and I’m not interested in buying a condo, what direct relevance to me is a $53.1K median sales price for condos? And vice-versa.
Smarten's Vanishing Equity
This is six months prior to the thread you reference, Smarten, and from his own words would indicate that BB was calling for $135k in 2008. Read it and weep.
BanteringBear says:
June 10, 2009 at 7:58 PM
Oh, the pain! This market is taking an absolute throttling, and it doesn’t look like prices will be increasing anytime soon. I remember, last year, suggesting a median of $135k and getting laughed at. People couldn’t comprehend such a thing. Why? Because they were fixated on where prices went, instead of where they came from…
https://renorealtyblog.wpengine.com/2009/06/may-median-sold-price-units-dom-and-sqft.html/comment-page-1#comments
Smarten's Vanishing Equity
Smarten has no credibilty.
BanteringBear says:
January 20, 2009 at 1:31 PM
If the market in Reno over corrects, which history has proven is possible when bubble’s burst, we could easily be talking about a median price of $120k- or less.</B? That doesn’t take into account the seemingly unstoppable onslaught of job losses, wage destruction, and general economic malaise.
https://renorealtyblog.wpengine.com/2009/01/memory-lane.html/comment-page-1#comments
Smarten's Vanishing Equity
BanteringBear says:
February 21, 2008 at 8:36 PM
…A median price of $150k for the Reno/Sparks area doesn’t sound far fetched the way things are going. High unemployment and low wages will have their way in the end. Sad.
https://renorealtyblog.wpengine.com/2008/02/banks-builders-leading-us-downward.html?wpcf7=json
lurker
When a guy starts referring to himself in the third person, then I know he’s going cuckoo (unless he’s a wide-receiver in the NFL…..)
I’m starting to be swayed by SVE’s comments that smarten is nuts!
Above, smarten said, “And smarten never said the median sales price would NEVER go below $200K. He rendered an opinion that he could not see it going below $200k. But he never said the never to which you subscribe. Just as he has never said that the median sales price cannot go lower than where it is. On the other hand, where did he opine the SFR median would stand at the end of this year?…”
billddrummer
Great data as usual, Guy.
Thanks.
jerry
pfheeww! I came close to purchasing a 2nd property 3 months ago! I am sure happy I didn’t! 275k CASH still waiting…. 🙂
nevhomeowner
But guys . . . Zillow says my house went up $9000 in the last 30 days . . .
Randy Vanderpool
Sorry to see the numbers dip a bit. Here’s to hoping that all of our markets see a huge rise in 2011! Thanks for making you stats availible for all of us, it really helps excite or comfort us.