The Reno housing Market and Reno Housing Trends are improving.  There were 520 sales in June in the Reno market.  This is a 26% increase over May sales in Reno.  This is also a 43% increase in Reno real estate sales over June in 2008.

Total 2nd quarter sales were 1362 and were up 38% over 2nd quarter 2008 sales.  2nd quarter 2009 sales were up 54% over 1st quarter 2009.

The June 2009 median sales price was also up 4.5% over May 2009.  As of June 30th there was a 6.3 months supply of listed inventory based on the June sales rate.  This is good news as a 5 to 7 months supply of inventory is considered to be a balanced market.  This is the 1st time since October of 2005 we have had inventory levels in the balanced market range.

We hope that these positive Reno real estate trends continue.