A reader posted this report on the Reno area. "Fewer and fewer homes are being sold in Reno-Sparks, according to the latest sales data. In April, 358 single-family existing homes were sold in the Reno metropolitan area, a 36 percent decrease from the same month in 2005. Even in the historically hot-selling spring months, the real estate market is slowing."

"'I thought April was going to really kick it in, and it did a little bit more than in (January and February),' said (broker) Pat Martinez. 'But it wasn't as much as I thought it would be. Buyers, at least the ones I have, are really taking their time.'"

"Despite that, the Reno metropolitan area median home price is still holding relatively steady, slipping to $335,000 in April from $340,000 in March. Indeed, the median time a home stayed on the market in April was 73 days in the Reno metropolitan area, a 40 percent increase from April 2005. But in Reno, where the median sales price stood at $388,200 in April, it took a median of 81 days. Reno's April median sales price represents a 2 percent decrease from April 2005."

"'Overall, it's obvious things are definitely slowing down,' said (analyst) Brian Kaiser. 'Everyone expected this to happen quite a while ago, so we are just finally seeing the effects of it in the numbers.'"

"In Carson City, the median price for a single-family home was $310,000, down from $320,000 in March and a 10 percent decrease, year over year. The median price for condos in the capital fell to $160,000, down from $169,000 in March and a 10 percent decrease from April 2005."