Reno Real Estate Today

Reno/Sparks Home Inventory Dips

Market activity for Single Family homes in October 2016 was down in nearly every tracked metric from last month and the summer season peak. However, the median price and average sold price per square foot are both still in positive territory when comparing year over year. Let’s look at the details. There was a 9% decrease in available inventory of homes when comparing September to October. The 2,090 available listings at the end of October was a 5% increase compared to 1,986 last year. In October, Reno/Sparks area REALTORS sold 484 single family homes, which was 23.8% fewer homes sold than in September. This metric has been bouncing up and down for most of this year and is loosely tied to th

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Dickson Realty

"Real Estate will be one of biggest investments of your life. Not just on your bank account, but in your soul. Owning a home has the profound ability to fill your heart with pride, love, and joy."                                     Amanda Gunter                                       

 

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