Reno/Sparks Market

Active listings were up by 28% from March to April. Sold were up 18% from March. REO solds were up 17%, short sales were up 21% and non-distressed solds were up 22%. Though active listings are up, inventory is still very low. Currently we only have only .66 months of inventory available. This is causing prices to rise because of competition along with multiple offers on a single listing.

Truckee/No. Lake Tahoe Market

Active inventory for single family homes at the end of April was up a slight 2% over a year ago, but the biggest change we see is that distressed property inventory is down considerably. A year ago, there were 13 short sale/bank-owned listings as of the end of April; this year, only 2, those being short sales with no bank-owned inventory in the entire Truckee/West and North Shores of Lake Tahoe region. There were 20 fewer sales in this region in April of this year versus last year (a 24% drop), with only 3 of those being distressed sales versus 9 last year during the same period.


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