Housing Sales: May 2006 vs May 2007

Highlights:  Both Sparks and Reno are hurting based on the decreasing number of housing sales(2006 vs 2007) but Sparks is doing much better compared to Reno in number of sales of single family homes & condos.

Single family home sales (2006 vs 2007)                 Number of sales of Condos (2006 vs 2007)

Reno : -27.6%                                                                 Reno:  -47.6%

Sparks:  -10.2%                                                               Sparks: -13.3 %
 

Observations:

• Reno's number of sales of single family homes down by -44.8%  (2006 vs. 2007)
• Reno's Median sales price of single family residence is doing better compared to Sparks (Reno: -14.1% vs Sparks: -15.8%
• Sparks has a lower number of sales of single family homes & condos compared to Reno.
• Median price per Sq.ft of single family homes in Sparks is lower than reno.

Source: Washoe County Assessor