Reno and Sparks homes under $300,000
I just ran a quick search for a client looking for a home in the Reno area under $300,000. I was surprised to see the real numbers of ACTIVE homes on the market in Reno. I also added in Sparks to get a feel for how that would change the numbers. See below... 138 Active homes on the market UNDER $300,000 in Reno (includes all of Reno; up to Cold Springs, down to South Reno, over to Hidden Valley, and over through Somersett) 221 when you include Sparks and Spanish Springs (311
Inventory way, way down.
There were 1,363 available listings at the end of December, which is a 14.7% decrease from a month prior, and a 35% decrease from July, 2015. The number of available listings has decreased each month since August. Typically, available listings decrease in the fall and winter months in the Reno/Sparks market. The 6-month trend of sold properties has fluctuated from a high of 650 in July to a low of 419 in November. For December, the number of sales increased slightly to 480 ho
Homes under $600K still a very hot market.
In the real estate industry, we’ve been talking about low levels of inventory for many months now. But what does that mean? We’ve broken down the Months of Inventory by price range, as of December 28th. For homes priced $10,000-$300,000 there is less than one month of inventory at just 28 DAYS! For homes in the range of $300,001-$600,000, inventory is just 58 days, which is 7 days fewer days than at the end of November. Although inventory has increased slightly since earlier
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