The Reno Sparks Association of Realtors latest monthly "To The Point" market analyses is here. November marks the fifth straight month of low inventory in the Reno/Sparks areas. The drop in distressed properties continues to play a huge rule in our low inventory situation. The banks are putting fewer foreclosed homes on the market causing a shrinkage in available homes for sale.
Northern Nevadan home sellers continue to receive multiple offers on their homes, often times at higher than asking prices. Continuous low inventory here in Reno and Sparks has kept buyers scrambling to find a home to buy.
This "To The Point" monthly video offers the latest statics on homes sold in the Reno, Sparks and Fernley Nevada areas. Be sure to watch the "November 2012 To The Point" video to get all the statics for our real estate market!