According to the latest from CoreLogic, Nevada ranked third in the nation for single family home price appreciation during the month of September. Including distressed sales, prices were up 11 percent from a year earlier. Excluding distressed sales, prices were up 9.5 percent.

Home prices nationwide, including distressed sales, increased on a year-over-year basis by 5 percent in September 2012 compared to September 2011. This change represents the biggest increase since July 2006 and the seventh consecutive increase in home prices nationally on a year-over-year basis. On a month-over-month basis, including distressed sales, home prices decreased by 0.3 percent in September 2012 compared to August 2012*. The HPI analysis from…

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According to the recently published Market Report by the Reno Sparks Association of REALTORS, the median sales price for single family homes in the Reno/Sparks area  in September 2012 was up 1.7% to $178,000 compared to $175,000 in August, 2012. Comparing September 2012 to the same period in 2011, the median sales price is up 19.5%. The median price is defined as the mid-point, where, for the time period identified, the price for one-half of the sales are higher and one-half are lower.

The report also indicated that the volume of sales is down, and this is true. The number of housing units sold in September was 463, down 12.5% from August 2012, and down 19.5% from September 2011. However, the reduced volume of sales is more related to the lack of…

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