Home prices and days on market holding steady.
By December 20th, the median price for the Reno-Sparks region was $292,000, which matches even with the median price for November, even as we have several more days left in the month. It is good for property sellers to see the median price tick back in the upward direction after a slight decline in August through October. Also good to note is this current measurement for median price is 11 percent higher than the same point last year. The average Days on Market also seemed to
Less homes on market leads to higher median price.
There were 1,598 available listings for November, which is a 6-month low, and a 15.5% decrease from last month. The number of available listings has decreased each month since August, which posted an available listings mark of 2,142. Typically, in our market available listings increase over the spring months and peak in summer months before slowing into the fall and winter months. The 6-month trend of sold properties has fluctuated more than the total number of available list
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