• September 2012 Reno/Sparks real estate data

September ended the month with 463 sold transactions, down 12.5% from the prior month and down 19.5% from the same period last year.

“With the number of sales and pending sales, we have been depleting the available existing inventory” said Kevin Sigstad, 2012 President of the Reno Association of Realtors. “It’s normal to sew a downturn in home sales after the school year starts, but the drop is sales is also impacted by the low inventory. It is also important to note that 46% of the home purchase in September 2012 were traditional sales, not bank owned or short sales, as compared to a year ago when traditional sales represented only 32% of market. This has been a reoccurring trend for approximately the past 6 months.”

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