Reno/Sparks Market
Active inventory for single-family homes was up 9% from September and up 25% from August. We’re seeing a very steady climb in active inventory. The total number of solds was up 8% in October but of those 623 sold properties, short sales was down 6% and REO’s (bank owned) sales was down 16%. That means far more traditional sales are taking place – up 13% from September.
Truckee/No.Lake Tahoe Market
Active inventory for single family homes in the Truckee/North and West Lake Tahoe areas was down by 12% over the end of September, but there were exactly the same number of homes sold each month, including short sales and bank-owned sales.
If you’re thinking of selling or buying, we’re here to help! Contact an experienced Dickson agent today or visit us online at DicksonRealty.com.
Winter will be here by morning!
