December Market Report Available! Reno-Sparks Area

The trend in rising median price is slowing, which can be attributable to the winter season and the increase in interest rates as the Federal Reserve adjusts for inflation. All indicators point to
a correction in the market as opposed to a real estate bubble. Months Supply of Inventory* went from a low of 1.3 in March 2018 to a peak of 3.2 in September. Since that time, it has remained at about 3 MSI — still a seller’s market. *(Month’s Supply of Inventory is the time it would take to exhaust the active and pending inventory at the current rate of sales.) See the complete report here: 12 2018 Market Report