Reno Condo Median Price Sold & Units Sold 2012

Are you curious about what’s happening in our condo market? I am. With the sudden decrease of supply of homes in reno, seriously sudden does not even cut it; I wonder if demand for condos in Reno and Sparks are also experiencing a buying fever.

I was talking to one of the guys at the office yesterday and he told me that last week he had 22 available condos that fit his clients criteria. Now, he’s down to TWO available condominiums for his client. In short, in a span of less than a week he only has two active condos to show in Reno.

So yes, the buying fever has definitely reached the condo market; actually, stats suggest that the $80,000 and below market has been hot the last two years. As far as I can see the starter home and condo market has always been in great demand the past years through thick and thin.

Latest Reno condo market stats that I found today:

(4’th Qtr. 2011)