The Reno real estate market and Sparks real estate market continue their winning ways. As always it depends on what’s considered “winning?” The rising median price and lower inventory trend continues. The fisrt chart is most tells the stroy. At the end of February there was only a 3.9 month supply of homes on the market. Inventory below 6 months is considered a sellers market, inventory below 4 months is a STRONG sellers market. I expect inventory levles to improve (increase) over the next 3-6 months as banks release some of thier inventory of properties. Low interest rates, improving job numbers, improving economic conditions, increased investor activity, and people migrating to the area are creating strong demand for housing. All of these conditions should continue for the foreseeable future.