SOUTH RENO--SOUTH MEADOWS PARKWAY (MLS AREA 143): A QUICK LOOK ON THE MARKET

"The clouds are slowly going away"

Yesterday, I talked about KB homes raising their prices by $5,000.

I haven' heard any new home builder outside of South Reno raise their prices.  There is a reason for this:

South Reno have been experiencing great demand in the $300,000 and below price range. 

I have twenty-five listings all around Reno and Sparks and the fastest offers I got came from my three listings in this area.

Let's take a look at this market.  I narrowed it down to $200,000 - $350,000.

South Reno--South Meadows Parkway (MLS area 143):

Supply:

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Demand:

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Median Price:

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Note:  as you may have already noticed,  prices have yet to find a bottom.  But notice the supply and demand both have been stable and going up for the last year.