Dayton Valley Real Estate Market Update: February 2009

    Today there are 188 homes for sale in the Dayton Valley area. Of the 188 homes available, 81 are distressed (either short sales or bank owned properties). That means 43.1% of the market of available homes is distressed. This is substantially higher than Carson City at 27.7% and the Carson Valley at 17.9%.

    Compared to January’s Dayton numbers, this market is looking much better. In January, there were 245 homes on the market and 53% of the market was distressed.

    How is the absorption rate looking for Dayton? Let’s take a look…

    • Dayton currently has 188 homes on the market.
    • In February, 13 homes sold
    • 188 / 13 = 14.46 months
    • Dayton is a ‘buyers market’ – no big surprise right?

    In January, the absorption rate was 20.42, so the decrease in inventory made a tremendous difference from January to February. The 20% reduction in active listings makes the market look much more healthy. We are still quite a ways away from a “normal” market of 5-7 months, but we’re heading in the right direction!

    (Our data is from the NNRMLS, Pulled all Active listings, Dayton Valley area (Area=420, 416, 414, 412, 410, 402.)

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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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