According to the Reno Multiple Listing Service there were 685 sales in Reno during the month of September, 2009.  Following is a breakdown by sales category:

Bank Owned (REO) - 40%

Short Sales           - 24%

Regular Sales         - 36%

Following is a breakdown by sales price range:

$0      -   $200K     - 59%

$201K -   $400K     - 32%

$401K -   $700K     -   7%

$701K -    Up         -   2%

The total of bank (REO) and short sales are still the majority of sales this month.  Sales in the $400K and below price range account for over 90% of sales in September.

Please let us know if you have any questions regarding Reno real estate.