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

For the first four months of the year, year-to-date sales for 2018 were ahead of 2017. In May, that trend came to a halt, and 2018 year-to-date sales are down 1% compared to the same period in 2017. As predicted, the lack of supply is impacting the number of sales compared Continue Reading

See the latest Market Report -- plus info on the Reno Jazz Festival -- celebrating 56 years this month!  A preview of our April Market Report shows: A lack of inventory continues to drive sales price up. First quarter new listings were up 1% compared to the same period Continue Reading

See the latest local real estate market report. And get the latest info on the 23rd annual Brew HaHa which generates much-needed funding for the Sierra Arts Foundation providing support for area artists and community arts programs. Featuring over 100 brews from local, Continue Reading