Carson City Real Estate Market Update – August and September 2009

    Carson City Nevada Real Estate Market Report – August and September 2009 Home Sales Results

    Carson City real estate

    35 homes sold in Carson City in August 2009 and , a 36% volume increase year over year when 42 homes sold in July 2008.

    What were the key indicators for the August Carson City real estate market?

    • 35 homes sold
    • Average asking price is $206,399
    • Average selling price is $200,551
    • Average days on market was 94

    And here are the stats for Carson City homes sold for September:

    • 41 homes sold
    • Average asking price is $260,239
    • Average selling price is $248,140
    • Average days on market was 126

    So what is the absorption rate for Carson City?

    • There are 268 homes on the market as of 10/07/09
    • 41 homes sold in July
    • 268/41 = 6.54 months of inventory

    The absorption rate for the Carson City continues to be strong and is within 5-7 months considered a normal supply. This is a huge turnaround from the 15+ months of inventory we had on the market in February.

    Of the 268 homes on the market, 26 are bank owned and 46 are short sales. That means that 26.8% of the Carson City real market is distressed. This percentage has held steady and is within just a few percentage points of February when it was 27.7%.

    (Data provided courtesy of the Northern Nevada Regional Multiple Listing Service and excludes manufactured and shared ownership housing for Area 200, known as Carson City.)

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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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