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Old 03-19-2013, 08:06 PM
 
28 posts, read 35,280 times
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Default Housing inventory in Reno

What is the supply of houses like in Reno now? I found myself reading posts from last year, so fast forwarding to present time. Is there still a lengthy process in buying due to the state mandate thing I was reading about? Thank you in advance for any help.
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Old 03-19-2013, 09:20 PM
 
Location: Imaginary Figment
11,333 posts, read 7,451,511 times
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Inventory is very tight right now. I was told one month is available on the market and heavy competition.

We have 3-4 month supply in Tampa and homes sell briskly. Lower priced condos are bid up and usually sell over list price. I can't imagine what less inventory would be like.

We plan on renting when we come out and will buy once the market cools down. I tend to run in the opposite direction of the crowds. It's worked out better for us that way.

Last edited by SLCPUNK; 03-19-2013 at 09:42 PM..
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Old 03-20-2013, 06:10 AM
 
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Inventory in the under 200K market remains low from what I have heard. There are still tons of folks in homes who are not paying their mortgages and the banks have remained slow to react. I have read the banks are picking up the pace but so far the available inventory does not reflect that.
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Old 03-20-2013, 09:49 PM
 
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since for sale inventory is low, how hard is it to find a decent rental? preferably a house?
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Old 03-23-2013, 05:04 PM
 
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It seems to me that there are tons of rentals in all parts of town, yes houses. But because of the housing market rents are sometimes more expensive than mortgages around here.
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