"it is almost impossible not to see the Reno real estate market bottom if we're looking at the market"

That's the clincher "if we're looking at the the market". 

Just to be clear, the Reno real estate market hasn't reached a bottom yet.  It's not to say that all markets are in this category.  There is one that looks like it's headed for a bottom:South Reno under $250,000.

It is almost impossible not to see the Reno real estate market bottom if we only look at the market.  People have opinions of what they want the market to do, or what they hope it will do.  But the only thing that matters is what it is doing.  And if we follow that, then it's hard to go wrong.

What do I mean about this? And you may be asking yourself "what do I look for in a market bottom?"

Units sold (demand):

*LTM VS PTM= last twelve months vs previous twelve months

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*Demand leads a market bottom.  Meaning, even before prices reach a bottom demand will have to go up consistently.  More demand means more people wanting the same thing.  Offers will meet the seller's asking prices.  Hence, equilibrium of prices.

Median Price:

 (click image to enlarge)

*notice the median price is still in the negative for Reno,Sparks and Carson.  Once this goes into positive territory then we know the market has indeed bottomed.

As you have probably noticed in this post, learning about the Reno real estate market is not that hard.  And a little bit of research will go a long way in helping you gauge the health of our market. 

Keep a close eye on what the market is doing, it will pay handsome dividends in the end.