Sparks Single family Residence Sales: 2006 VS 2007

SPARKS New & Existing Home Sales 2006 VS 2007

Month	2006	2007	Percent Change (# of sales)
January	129	104	-19.4%
February	135	119	-11.9%
March	208	152	-26.9%
April	221	131	-40.7%
May	176	158	-10.2%

Source: Washoe County Assessor

Highlights: Between Jan-May 2006 and Jan-May of 2007, the Sparks Single family residence sales was down on average -21.82% (add the 5 months together and divided it by 5) while  Reno fell by an average of -26.48% in the same time period. All this time I thought Reno was holding up better than Sparks. I am wrong- if I was to base it on this data.

Observations/ Comments:

• The Sparks market compared to the Reno market has significantly lower inventory of homes.

• We are experiencing fewer home sales in the Sparks area compared to last year(2006)
  

Comments

[Chesty]

Sorry but i hate reading/interpreting graphs. After posting these graphs, can i expect for some explanations or simple discussions regarding what the graph is trying to tell us?

[Ian]

Chesty,

Good suggestion. I will be doing that in my next posts that contains graphs. I am continually looking for ways to better explain complicated/technical terms so that people can better profit from the lessons presented by the graphs/figures. Any suggestions?