RSAR Monthly Market Report – December 2012

December 2012’s market report, provided by the Reno/Sparks Association of REALTORS®, has been released.

Commentary from December’s Reno/Sparks Market Report…

We have not seen this escalation in pricing for more than eight years,” said Helen Graham, 2013 president of the
Reno/Sparks Association of REALTORS. “In 2003, 2004 and 2005 the sharp increase in pricing could be attributed to high demand and overly-relaxed lending guidelines. In today’s market, credit requirements are strict, but demand is outpacing available inventory as a result of lack of move up or downsize buyers who are underwater in their current mortgage. Despite this, there is buyer confidence that it’s still a good time to buy at today’s low interest rates.

Click on picture below to access the full report.

Related post: RSAR Monthly Market Report – November 2012