August 2008 Market Numbers

Reno MLS stats- Single Family Residence- 2,565 listed, 222 sold, 339 expired/withdrawn, 116 pending, 11.6 months supply

Sparks MLS stats- Single Family Residence- 933 listed, 93 sold, 126 expired/withdrawn, 36 pending, 10 months supply

Overall: Sales are down a little from last month but pending sales are way up from last month. Yes we still have way to many listings for our market and the bank owned homes are not helping that number but as we come into fall we should see the listing numbers come down. The buyers that we are working with are VERY excited about all the great deals out there. These buyers would have never bought a few years ago at the crazy sales prices but now they are very excited.