Reno-Sparks Homes And Real Estate Report January 2011
♫ Tuesday, March 8th, 2011
The year has started on the right foot with a continued lateral trend in year-over-year median sales price. With a less volatile price movement, both buyers and sellers can anticipate and plan appropriately with a sense of stabilization in the market. We experienced the second highest number of home sales for the month of January in the past decade. Although it was a drop in sales month-over-month, we can attribute the drop in numbers to the fact that many buyers rushed to purchase a home in December for the tax implications. It is fairly normal to see this type of month-over-month decrease in unit sales from December to January.
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