The sales trends in Reno real estate may be changing.  Follow this link to a chart with Reno Area 2009 Sales by the categories of Regular Sales by month (non Bank Owned or (REO) or Short Sales).  Bank Owned Sales (REO) by month and Short Sales by month.

My observations are that total overall sales are trending up, Short Sales are trending up, Regular sales are trending up and Bank Owned or (REO) sales are trending flat.

Following are the total sales percentages for Reno real estate from January 2009 thru October 2009.

Percent of Total Sales

Regular Sales - 37%

Short Sales   - 21%

Bank Owned  - 42%

Compared to 2008 regular sales and short sales are moving up while bank sales are moving downward.

Please let me know if you have any questions.