The Reno Sparks Association of REALTORS has released its Market Update for June, 2013. Below are a few highlights. Click here to view the full report.
In June 2013, 62 percent of the homes sold in our region were priced at or below the $250,000 price.
For the fifth consecutive month, the sold to asking price ratio exceeded 100%. June sold to asking price ratio was
at 100.6% down slightly from May at 101.2%.
New listings in the category of no special conditions were up 73% over June 2012; in the category of Short sales,
listings were down 45% from June 2012, and in the category of bank owned, listings were down 66% from June
Since the early 1980’s, when interest rates peaked at 18.16%, there has not been an increase in interest rates by