With the lack of inventory and huge demand Reno has become a hot bed of Real Estate activity. According to Realtor.com, properties are staying on the market about 36% less time than a year ago and values have gone up 26% in the last 12 months. Inventory has been reduced by a third. I know the last year has been the busiest year I have had in 29 years of peddling homes here in the Reno area..
Last month 71% of our sales were equity sales as opposed to short sales. That's great news for the Biggest Little City in The World. You can click here and see the article on CNBC's website