Carson City Nevada Real Estate Market Poised for Recovery: March 2009

    As of March 31, 2009, there are 289 homes for sale in Carson City. The market is holding steady when compared with 292 homes for sale a month ago.

    Of the 289 homes available for sale, 33 are bank owned and 47 are short sale. That means that 80 homes are distressed, equating to 27.7% of the market. That is the sale as last month. Although the proportion of distressed homes did not decrease, it did hold steady, and is down from slightly from January. It’s too soon to call it a trend, but if this pattern holds for a couple more months, it will make the argument that the Carson City real estate market is on the mend.

    Today, there are 70 properties under contract / pending in Carson City. So how does this affect the absorption rate? Let’s take a look…

    • The Carson City real estate market currently has 289 homes on the market.
    • In March, 30 homes sold
    • 289 / 29 = 9.63 months

    If the Carson City market continues to sell 30 homes a month for the next couple of months and current levels of inventory hold, Carson City may be on the road to recovery the fastest when compared with it’s neighoring towns Dayton, Gardnerville and Minden.

    (Our data is from the NNRMLS, exclusing all shared ownership or manufactured housing in Area 200.)

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    Christianne O'Malley

    I am an award winning top-producing Realtor with over $300 million in lifetime sales. I represent buyers and sellers across Northern Nevada including Reno, Sparks, Carson City, Dayton, Virginia City, Minden, Gardnerville, Genoa and beyond.

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