Supply & Demand # units (sold): June 2005-June 2007

Highlights:  This  data supports the  research of my friend Dan Wyatt  who said  in early 2006 that the real estate market topped  in June/July of 2005. Apparently,  the Reno-Sparks market  topped at the same time if you were to base it on the number of homes sold.

Observations:

• There are 229 less homes sold in June 07' compared to June 05'(-44.21%)
• The difference between (in number of homes sold) June 06' VS June 07' is significantly lower than June 05' VS June 07' ( -44.21% VS -27.25%) which means that the market's speed in going down is slowing. The market is still on a downward trend but based on this data the worst might be over. Time will only tell. Continue to observe what the market will do. Don't be overly optimistic but don't live in a position of fear either. Do what the market tells you to do(not your relative's or neighbor's opinion).

Source: Broker Metrix/ Multiple Listing Service