$300,000 - $400,000 Market Trend (2 year chart)

Summary: Median price looks stable though I wouldn't trust it too much.  As supply and demand are still pale and Months Supply of Inventory is at 6 months -- not bad but not good either.

Supply: (Click image to enlarge)

 

 

 

Number of homes for sale in Reno $300k - $400k

Sept 2010: 240

Aug 2010: 239

Jul 2010: 233

Jun 2010: 226

May 2010: 200

Apr 2010: 192

Mar 2010: 197

Feb 2010: 174

Jan 2010: 160

Dec 2009: 178

Nov 2009: 193

Oct 2009: 217

Sep 2009: 234

Aug 2009: 258

Jul 2009: 267

Jun 2009: 276

May 2009: 272

Apr 2009: 277

Mar 2009: 289

Feb 2009: 300

Jan 2009: 323

Dec 2008: 338

Nov 2008: 378

Oct 2008: 408

Sep 2008: 452

Demand: (Click image to enlarge)

 

Number of homes sold in Reno $300k - $400k

Sep 2010: 21

Aug 2010:  31

Jul 2010: 24

Jun 2010: 28

May 2010:  32

Apr 2010: 25

Mar 2010: 20

Feb 2010: 23

Jan 2010: 29

Dec 2009: 33

Nov 2009: 19

Oct 2009: 34

Sep 2009: 31

Aug 2009: 34

Jul 2009: 41

Jun 2009: 31

May 2009: 21

Apr 2009: 27

Mar 2009: 29

Feb 2009: 19

Jan 2009: 14

Dec 2008: 33

Nov 2008: 27

Oct 2008: 37

Sep 2008: 40

 

MSI (months supply of inventory): (Click image to enlarge)

 

Months Supply of Inventory in Reno $300k - $400k

Sep 2010: 6.3 months

Aug 2010: 6.3 months

Jul 2010: 6.1 months

Jun 2010: 7.3 months

May 2010: 8 months

Apr 2010: 6.1 months

Mar 2010: 3.9 months

Feb 2010: 6 months

Jan 2010: 8.2 months

Dec 2009: 5.4 months

Nov 2009: 5.7 months

Oct 2009: 8.1 months

Sep 2009: 5.4 months

Aug 2009: 5.1 months

Jul 2009: 6 months

Jun 2009: 5.2 months

May 2009: 7.1 months

Apr 2009: 7.4 months

Mar 2009: 6.7 months

Feb 2009: 9.7 months

Jan 2009: 11.5 months

Dec 2008: 11.2 months

Nov 2008: 12.3 months

Oct 2008: 13.8 months

Sep 2008: 9.8 months