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Local Area Info

Below are some local area links with information on the local cities,

county, local attractions, and more.

Nevada State Website

Nevada Association of Counties

Nevada Tourism

City of Reno

Reno/Sparks Convention & Visitors Authority

Reno/Sparks Chamber of Commerce

Washoe County

Reno/Tahoe International Airport

Lake Tahoe Recreation

Sierra Arts

Reno Air Races

Reno/Lake Tahoe Activities

Ski Lake Tahoe

Local Newspapers

Reno Gazette Journal

North Lake Tahoe Bonanza

Tahoe Daily Tribune

 

Revealed: The secret of why these 10 markets will grow the most in 3Q

Realtor.com spies 10 markets that will take off in the next 3 months

Trey Garrison
Reno Nevada
          

Although home price growth has slowed dramatically from last year and will continue to slow into mid-2015 are now enjoying the advantage of price increases, while buyers have more choices.

In 10 key markets, strong price appreciation and increases in housing inventory increase are an early sign of potential strong home sales, in contrast to what’s happening in the rest of the housing market nationwide, realtor.com reports in its June National Housing Trend Report.

“National housing trends are masking some of the excitement we’re seeing in individual markets,” said Jonathan Smoke, chief economist for realtor.com. “For the last two years, listing shortages constrained home sales and frustrated buyer demand. Our June data shows monthly inventory picking up in markets already experiencing price increases and fast property turnover.

“These dynamics will result in strong home sales and extend the buying season past the usual June/July peak to later in the third quarter,” Smoke said.

Homes in the Charlotte, N.C. region are selling 14 days faster compared to a year ago – the most improved in median inventory age among these markets.

Meanwhile Reno, Nevada, the “biggest little city in America,” has the biggest year-over-year home price increase at nearly 18.5%.

“The markets where we expect significant third quarter home sales are all very different – ranging from small to large, affordable to expensive, previously distressed to minimally affected by the downturn,” Smoke said. “Diversification in the areas experiencing healthy real estate economies is a key indicator that the housing recovery has become more sustainable.”

Median list prices are up 7.6 percent in June over last year. Month-over-month price acceleration is slower compared to April, when the home-buying season traditionally starts.

National housing inventory is now roughly in line with June 2013 levels when rising home prices first generated a surge in market supply. Additionally, homes in June sold 5 percent faster than last year.

 Top Markets Set for Significant Growth in Home Sales

(Listed in alphabetical order)

 

MSA

Median Listing Price

% YY

% MM

Total Listings

% YY

% MM

Median Age of Inventory

% YY

% MM

Albany-Schenectady-Troy, NY

$226,025

0.50%

0.50%

6,145

1.10%

9.83%

80 days

-4.76%

-3.61%

Baton Rouge, LA

$188,000

4.50%

1.62%

3,630

1.79%

7.27%

74 days

-8.64%

-6.33%

Charlotte-Gastonia-Rock Hill, NC-SC (NC)

$209,000

7.18%

2.00%

12,906

-2.15%

3.53%

64 days

-17.95%

-7.25%

Columbia, SC

$162,500

2.20%

0.03%

5,190

-0.63%

2.98%

83 days

-8.79%

-13.54%

Des Moines, IA

$179,900

7.47%

0.50%

3,654

-4.09%

5.97%

59 days

-4.84%

-1.67%

Philadelphia, PA-NJ (NJ)

$187,000

1.14%

1.14%

12,233

-4.75%

3.59%

97 days

-9.35%

-1.02%

Portland-Vancouver, OR-WA (WA)

$299,000

11.15%

1.05%

2,207

-3.79%

15.55%

59 days

-16.90%

-4.84%

Reno, NV

$295,000

18.47%

1.76%

2,539

2.01%

6.82%

60 days

-1.64%

-1.64%

Spokane, WA

$198,000

7.06%

4.27%

3,986

8.20%

7.90%

61 days

-3.17%

-14.08%

Washington, DC-MD-VA-WV (VA)

$429,000

4.63%

0.00%

14,776

4.06%

6.34%

53 days

-8.62%

-7.02%

 

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