First Centennial Title just released their Market Condition Report for October.
Solds, expireds, pendings and months supply of inventory are all holding steady from last month’s numbers.
Escrows closing (“Percent Selling” on the chart) is also holding steady at 40% for Reno and 43% for Sparks, Nevada.
The report’s outlook: “Price weakness (SFR) should be expected to continue.” and “There will be more of a tendency for the market to decline than rise due to the entry of the market into the holiday season.”
Thank you to our friends at First Centennial Title for providing these reports. Btw, loved this month’s “MCR TIP”
Click on the chart below to enlarge.
