Why supply ( homes for sale) is low in Reno-Sparks

Like a lone wolf in the wilderness, I’ve been howling why o why? 

My best guess is that sellers are still reeling from the pain of the market decline in the last four years. But who can blame them? The last four years has been brutal for sellers.

As early as Feb 2008, median price in Reno was $300,000. Now its $185,000. A staggering 60% decline just in the last two years:

My dear seller, I understand what you are going through. I also lost a lot of money investing in 2005. But if you’re thinking of selling, now may be a good time. Price it right and deliver a great show for your home. Good things might be ahead of you.