Reno / Sparks Nevada Real Estate market update.

Inventory of existing homes is building rapidly in the market place. The papers will be months behind reporting this change. The summer of 2004 saw no available inventory and multiple offers on most properties put on the market. The summer of 2005 is starting with many more homes available for buyers to choose from, there is no longer the urgency for the buyer’s to write an offer as they know there are many homes to choose from and the homes are staying on the market for many days. For the first time in at least two years we are seeing homes expiring without selling.

For more information on the Reno/Sparks/Tahoe real estate market, contact Rick Lund, 800-622-1777.

Rick Lund
www.ricklund.com