Sales are starting to increase especially in the under $150,000 range. The sale price remains under pressure from bank owned properties.
April had 419 properties sold compared to 366 in March. This makes 4 straight months of a positive swing in sale in the Reno - 100 Area. However, April saw a 6% drop in median price after three months of relative stability. Of the 419 sales in April 215 were bank owned and another 80 where short sales.
649 new listing came on the market in April a drop of 12% from March. 370 of these listing were either bank owned or a short sale.
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