Reno Real Estate home sales percentage up

Biggest jump in 5 years according to the National Association of Realtors, buyers are taking advantage of the large inventory of homes on the market as well as the foreclosures. Single family homes including condos jumped 5.5% from August to September of this year. The current median price for a home in Reno is $288,000 compared to $309,000 this time last year and Sparks is even better at $250,000 compared to $285,000 last year. What this is telling me is that sales are starting to go up during a typically slow time of year heading into winter and the holidays. By spring if this continues we could hopefully see some sort of bottoming out of the downward spiral we have been in.