Market Conditions in Ward 2>Question Details

Karen, Home Buyer in California

What are the current market conditions in Reno? Is the market going to go down a bit more before it comes?

Asked by Karen, California Wed Apr 2, 2008

What are the current market conditions in Reno? Is the market going to down more before it comes back up? It appears sales are slow.

Help the community by answering this question:


i knew things were going to go down
and the trend will continue
200% increase in home values
did your salary increase 200%
wait for it to deflate
then think about buying


good luck
1 vote Thank Flag Link Wed Apr 2, 2008
The answer is yes and no, the recovery in this town will be based on location and supply and demand. The overbuilt/overspeculatd outskirts may have a bumpy road ahead still. Some of the more established and non speculated/overbuilt areas seem to have stabilized.

The recovery in general will be region to region, community to community.

Ron Bell
0 votes Thank Flag Link Fri Apr 4, 2008
Hi Karen,

Fourth quarter of 2007 was very challenging. We are starting to see some positive changes already. Our inventory are starting to move again. We are still seeing some foreclosures but not as bad as Las Vegas or some parts of California.

There is a quarterly market and economic report that I post on my website. Feel free to browse

0 votes Thank Flag Link Wed Apr 2, 2008
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