We are still solidly in a Seller's Market -- for all price ranges. That should be no surprise, as our Active Inventory is down over 25% compared to last month and down nearly 64% compared to last year. Also notable, our median price for Single Family Residences in Continue Reading
Reno-Sparks Real Estate Market ~ PLUS a national perspective
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
May 2020 Market Report for Reno-Sparks Real Estate now Available
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
Your April 2020 Market Report is now available! Great info on the Reno-Sparks Real Estate Market!
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
Your local real estate market update: October 2019
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
Your local real estate market report for September 2019 is here!
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
Local Real Estate Market Report for June Now Available
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
April 2019 Market Report Now Available – Reno-Sparks Home & Condo Market Info
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
Reno-Sparks Real Estate Market, January 2019 Update
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
November Real Estate Market Report includes predictions
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