Reno Sparks Median "For Sale" and "Sold" Prices - November 2008

At $218,350, Reno-Spark's median sold price has now settled solidly below $220,000. Units sold however continue to remain higher than last year's numbers. For example, November's 274 sales represents an 18.6% increase over November 2007 sales. Higher year-over-year sales is a trend that we have observed since June of this year. Of course, as has been pointed out numerous times, the bulk of the sales activity is occurring at the lower price points.

For example, 46% of November's residential sales sold for less than $200,000; 65% sold for less than $250,000; and 78% sold for less than $300,000.

See all the numbers here.