A national perspective on the real estate market by Lawrence Yun, Chief Economist and Senior Vice President of Research at the The National Association of REALTORS®: "Pent-up housing demand during state shutdowns is about to be unleashed as many coronavirus-related Continue Reading

This month, we provide a national perspective: Lawrence Yun, Chief Economist and Senior Vice President of Research at the The National Association of Realtors® provides the following information: “Unfortunately, we knew home sales would wane in March due to the coronavirus Continue Reading

This month, we want to provide some insight offered by Elliot Eisenberg, Economist and author of BlogEcon70: Elliot is expecting a deep but short recession for this year. He is showing Q1 (quarter 1) with mildly negative GDP, Q2 with a "horrendous" drop in GDP, Q3 mildly Continue Reading

The local real estate market shows a slight decline from August, however, the Reno/Sparks median price is still 6% higher than this time last year. We continue to see low inventory at only 2 months’ supply. (A balanced market is considered 5 to 7 months’ supply.) According Continue Reading

We are starting to see a pattern of stabilization with very little sales price change between the months of July and August. While inventory is up 5% from last year, we are still only carrying about 2 Months’ Supply. We are excited with the changes to the FHA Condo Continue Reading

Your local Real Estate Market Report is now available for June 2019. The median sales price for the Reno/Sparks area has continued to increase, however, we are still seeing areas around Reno and Sparks that are selling under the $350,000 mark. The indicator that we are Continue Reading

The April 2019 Market Report  for Reno/Sparks is based on data from March 2019. We are continuing to see an increase in unit sales with just a very slight dip in the median price. This is a positive for our market. We continue to struggle for inventory. At only 2 months Continue Reading

The Reno-Sparks real estate market continues to be a Seller’s Market. Inventory levels are gradually increasing, and prices are slowly falling, which is a good sign for future buyers. Looking at the big picture, Economist Elliot Eisenberg predicts 2019 to be a strong year Continue Reading

The real estate market report this month includes an interesting prediction: Reno was ranked number 7 among the top 10 metro areas for appreciation. They are forecasting Reno to appreciate 10% in the next 12 months. That's according to Housing Wire, VeroFORECAST. Currently, Continue Reading

Our local real estate market shows a leveling trend in median sales price. Since March of this year, median price in Reno/Sparks has hovered in the $370 to $375K range, except during the summer months, when it reached a high of $389,000. Also of note: Overall, Month’s Supply Continue Reading