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Gaius Gracchus on How low is the housing inventory in Reno, NV?: “The low inventory situation could be turned around by a few things. One is that sellers get vaccinated and are…” Feb 26, 09:23
on How low is the housing inventory in Reno, NV?: “Thank you for your question, Catherine. And thank you for reading the blog. 🙂 There are several reasons for the…” Feb 20, 12:01
Tag Archives: DOM
Median escrow period increases by three weeks — Days to contract now less than a week
Last week I read a story from HousingWire that discussed the impact that the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule (TRID) is having on the time to close a mortgage loan — namely that the length of time … Continue reading
Posted in Agent Insights, Market Trends
Tagged Days to Contract, DOM, escrow, length of escrow, median days on market, TRID
3 Comments
Houses moving faster
According to a recent Bloomberg Businessweek article properties for sale in the U.S. in September had been listed for an average of 95 days, down from 107 days a year earlier – for a drop of 11 percent. [See Listings … Continue reading
September median sales price, units sold, DOM, and inventory
September’s median sales price of $175,000 receded slightly from August’s $175,500. Despite the slight decrease, September’s median sold price is up 17 percent year-over-year. Sold price per square foot similarly leveled off in September. September’s $98.43/sq.ft. was down slightly from … Continue reading
August median sold price, units, DOM, $/sq.ft.
August’s median sales price jumped up more than 6 percent over July’s median sold price. The median is now at $175,500 and up a whopping 30 percent year-to-date, and up 14 percent year-over-year. These are incredible gains. And as I … Continue reading
November median sold price, units, DOM, $/sq.ft.
I usually wait until we’re at least a week into a new month before I post the median numbers for the prior month, but with a few readers commenting that this blog’s activity has been waning of late, I decided … Continue reading
Posted in General, Market Trends
Tagged DOM, inventory, median, median sold price, ppsf, price banding, price per square foot
10 Comments
August median sold price, units, DOM, $/sq.ft.
August saw a very nice 3.3 percent jump in the median sold price – $155,000 compared to July’s $150,000. The sold price per square foot also increased a healthy 4.4 percent, coming in at $91.32/sq.ft. August also saw very strong … Continue reading
Posted in Agent Insights, Market Trends
Tagged DOM, median sold price, price per square foot
15 Comments
July median sold price, units, DOM, $/sq.ft.
July sales continue to be strong, units-wise. Units sold are still hovering around 500/month; 490 to be precise (but will probably hit 500 by the time all the sales for July have finally been entered into the MLS). 490 units … Continue reading
Posted in Agent Insights, Market Trends
Tagged DOM, median sold price, price per square foot, Reno median sold price, units sold
1 Comment
February median sold price, units, DOM, and $/sq.ft.
February’s median sold price recovered a bit from the dramatic drop we saw in January’s median. [Recall, that January’s median fell below $160,000 – a level not seen since April 2001]. February’s median sold price was $162,000 – a 1.3 … Continue reading
