Median sold price and units sold for September remained relatively stable compared to August’s numbers. The median sold price continues to fall, but not as dramatically as we saw last month.
The number of homes listed for sale in September fell 7% compared to August’s listings. This is a typical seasonal trend observed as sellers take their homes off the market for the holidays and slower home buying season.
| Month and Year | # Houses For Sale | Median Asking $ | # Houses Sold | Median Sold $ |
|---|---|---|---|---|
|
September 2008 |
4,417 | $280,000 | 337 | $239,000 |
| August 2008 | 4,751 | $284,000 | 345 | $240,000 |
| July 2008 | 4,862 | $289,000 | 416 | $247,000 |
|
June 2008 |
4,773 | $290,000 | 392 | $254,950 |
| May 2008 | 4,754 | $285,000 | 343 | $255,000 |
| Apr 2008 | 4,529 | $289,000 | 337 | $269,000 |
|
Mar 2008 |
4,213 | $292,000 | 245 | $260,000 |
| Feb 2008 | 4,067 | $295,000 | 221 | $271,632 |
|
Jan 2008 |
4,127 | $299,900 | 191 | $268,000 |
|
Dec 2007 |
4,167 | $309,000 | 249 | $275,000 |
|
Nov 2007 |
4,529 | $310,000 | 231 | $286,000 |
| Oct 2007 | 4,892 | $319,000 | 267 | $287,000 |
| Sept 2007 | 5,034 | $320,000 | 270 | $285,000 |
| Aug 2007 | 5,482 |
$327,900 |
348 | $295,000 |
| July 2007 | 5,427 | $333,900 | 351 | $295,995 |
| June 2007 | 5,382 | $339,000 | 378 | $300,000 |
| May 2007 | 5,188 | $339,900 | 427 | $296,000 |
| April 2007 | 4,940 | $341,250 | 393 | $295,000 |
| Mar 2007 | 4,682 | $340,000 | 391 | $297,000 |
| Feb 2007 | 4,423 | $340,000 | 334 | $285,000 |
| Jan 2007 | 4,703 | $342,875 | 336 | $279,950 |
| Dec 2006 | 4,561 | $345,000 | 347 | $293,995 |
| Nov 2006 | 5,194 | $349,000 | 330 | $300,000 |
| Oct 2006 | 5,648 | $349,900 | 422 | $300,000 |
| Sept 2006 | 5,960 | $352,000 | 396 | $301,000 |
| Aug 2006 | 6,252 | $355,000 | 393 | $310,000 |
| July 2006 | 6,123 | $360,000 | 416 | $324,750 |
| June 2006 | 5,949 | $364,000 | 473 | $329,000 |
| May 2006 | 5,407 | $369,900 | 432 | $318,750 |
| April 2006 | 4,626 | $369,000 | 415 | $317,000 |
| Mar 2006 | 4,295 | $369,900 | 437 | $329,000 |
| Feb 2006 | 3,899 | $374,900 | 326 | $315,250 |
| Jan 2006 | 4,245 | $370,000 | 325 | $325,000 |
| Dec 2005 | 4,040 | $375,000 | 385 | $319,900 |
| Nov 2005 | 4,432 | $376,448 | 443 | $331,000 |
| Oct 2005 | 4,694 | $376,700 | 559 | $335,000 |
| Sept 2005 | 4,567 | $380,000 | 603 | $336,500 |
| Aug 2005 | 4,370 | $385,700 | 695 | $334,950 |
| July 2005 | 3,860 | $387,000 | 677 | $345,000 |
| June 2005 | 3,411 | $384,500 | 607 | $335,000 |
| May 2005 | 3,113 | $375,000 | 717 | $326,000 |
| April 2005 | 2,808 | $365,000 | 650 | $315,000 |
| Mar 2005 | 2,611 | $350,000 | 660 | $309,000 |
| Feb 2005 | 2,198 | $348,250 | 411 | $301,000 |
| Jan 2005 | 2,078 | $349,000 | 381 | $295,000 |
Note: The median table above is updated on a monthly basis. The median home price data reported covers the cities of Reno, NV and Sparks, NV. Residential data includes Site/Stick Built and Condo/Townhouse. Data excludes Manufactured/Modular and Shared Ownership properties. Data courtesy of the Northern Nevada Regional MLS – September 2008.
lurch
OOPs!
“DERRICK said, in May 5th, 2008 at 12:29 am ok how is this then folks. If the median goes UNDER 240k I will never post again? However if it fails to do so all of you can bow down to the all knowing oracle from spanish springs, and say sorry Derrick we were wrong you were right.
Deal, or no deal?”
From the May Day “No Point in Posting” post from Diane. Enjoy the silence!
Phil
And now we are headed for the “slow” season…. I almost beleive 200K has a chance.
Would be nice if this was the “bottom”, but I have a bad feeling.
Someone mentioned a exodus of business from California, one can only think what this would do if some ended up here?
I am perplexed at the empty houses around here, and apartments giving some move-in incentives. Where did all the people go? Was there that much over-building?
And anyone got a clue what all the little flags on Vista are about near Wingfield Springs?
Hanging on tight for a very bumpy road….