NV: Reno Home Sales Improving

Reno, Nevada Real EstateDespite a dip in home prices, the Reno-Sparks housing market is looking up with an increase in home sales. The figures, part of a quarterly report released by Lake Tahoe-based real estate company Chase International, indicated a seven-percent jump in units sold in the Reno-Sparks area and a 14-percent rise in units sold in Carson Valley.

The median price of a home in Reno-Sparks is $155,000 (down 11 percent) and the average price is $194,270 (down ten percent). The sales and figures are compared to the third quarter of 2010 and include all sales from January 1 through September 30, 2011.

The National Association of Realtors recently reported that the median price of a home in the West ($189,400) is down 13 percent from a year ago, putting the Reno-Sparks fluctuations in line with national trends. The median price of a home in Carson Valley is $195,000 (down 11 percent) and the average is $254,929 (down four percent).

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from the World Property Travel

Click here for gay realtors, mortgage lenders, and other real estate professionals in Nevada.

If you have a gay real estate story that you’d like to share with us, contact us at [email protected]