Reese Realty Team
Your Best Friends in Real Estate

Pam (775) 843-1508 S.0044703
Devin (775) 527-6273 S.0174181

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Home > August Market Report Now Available!

August Market Report Now Available!

August 16, 2018 by preese Leave a Comment

The Washoe County median price is at $389,000, which is up 10% compared to July 2017. This is a record high median price for the Reno/Sparks market. When you factor in pricing with the seasonal trend, we anticipate that unit sales numbers may not reach 2017 levels. Overall, it remains Seller’s Market at 2.0 MSI*. (Month’s Supply of Inventory is the time it would take to exhaust the active and pending inventory at the current rate of sales.) Price is a factor, but not like it was last year. NOTE: Properties priced below $500,000 are at 1.6 MSI; properties priced $500,000 and above are at 3.4 MSI, properties priced above $1 million are at 7.0 MSI.  The National Association of Realtors describes a balanced market as between 5 and 7 month’s supply of inventory (MSI). See the full report: 08 2018 Market Report

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Reese Realty Team

Your Best Friends in Real Estate

10795 Double R Blvd
Reno NV 89521

(775) 843-1508 Pam
(775) 527-6273 Devin
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Pam & Devin Reese

Whether you are buying or selling your home, the Reese Realty Team has the experience, expertise and dedication to assist you with your real estate experience. Quality service and timely communication are guaranteed. We are honored that our buyers and sellers consistently give us top rankings and positive reviews... Meet the Team
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