Black Friday?!

Well, I hope you all enjoyed your Thanksgiving holiday. Here is one of the latest market condition reports for our area brought to you by Househunt.com
The pendulum has swung in the opposite direction. However, it will not always be a buyers market.
"Keep in mind. The house you saw today and want to think about tonight, may sell to someone who say it yesterday and thought about it last night"

Real Estate Market Report -
Reno, Washoe County, Nevada
Market Conditions and Trends

Reno, Nevada - Washoe County
Report Date
Fall 2007

Nearest Metro Area
Reno, NV

Buyers' or Sellers' Market
More sellers than buyers

Average Time on Market
60-90 days

Market Trend
Decreasing

Housing Inventory
Good supply, all prices

Average Home Prices
$325,000

Compared to last year
Down 5-10%

Prices As % of Asking Price
90-95%

Multiple Offers?
No

Greatest Activity
Move-up Buyers

Housing Hot Spots
Spanish Springs, Double Diamond, Damonte Ranch

Reason to Buy/Sell
Population Growth

Although homes are selling throughout the Truckee Meadows. Home sales activity seems to be greater in the Spanish Springs, Double Diamond, and Damonte Ranch areas.

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