Reno Real Estate Activity for 10/23-10/29
Uncategorized October 31st, 2007Reno's new listings are down to 54, there were 88 price changes, 17 were sold and 37 expired.
Sparks had 36 new listings. Down from 38 last week, 18 sold and 14 expired.
Sommerset saw 31 lisings, 41 price changes, 9 sold and 5 expired.
North Valleys saw 46 listings, 67 price changes, 17 sold and 21 expired.
Totals were 167 new listings, 284 price changes, 61 sold and 77 expired.
This isn't so bad considering we are in the holiday months. It will probably staedily continue to slow as usual. But what a fantastic time to buy. Rates are low. Home owners are desperate and giving lots of incentives for the buyers to come and make an offer. There is a large pool of inventory to choose from and the buyers are saving tens of thousands of dollars and I have even seen price reductions of hundreds of thousands of dollars.
If you have any questions please don't be shy. Let's get you some answers.