The good news in the N. Nevada Real Estate Market is that the Median Sales Price for homes sold increased to $300,000, up 1.4% from the median price of $296,000 in October.   Although this represents a decrease of 5% from November, 2006, it’s one of the 1st signs of a stabilizing market.

The number of homes sold also fell from 240 homes sold in Oct., 2007 to 187 sold in Nov., 2007.  At the end of October the residual inventory of single family homes for sale (on MLS) decreased slightly to  2.295 homes.

Data is courtesy of my Broker at RE/MAX Realty Affiliates and NNRMLS. It includes residential (site/stick built) single family homes in Washoe County.)

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Posted by Maureen, filed under Info for Byers, Info for Sellers, Market Watch. Date: December 12, 2007, 7:39 pm |

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