Reno Real Estate Today

Oct. 2016 to Oct 2017: 42% less homes on market, with prices up 12%.

As the weather cools, so does our inventory of homes, but the median price is up slightly from last month, and it is way up from last year. There were 899 homes available at the end of October. This a decrease of 16% when compared to September, and down a staggering 42% when compared to this time last year. Next, we will look at the number of units sold. Reno/Sparks area REALTORS sold 538 single family homes in October, which was a decrease of 12.2% compared to September. Despite this decrease, the year over year number of sales were up by 4.1%. This tells us that the demand is there, but the low inventory is resulting in fewer homes sold. Until more homes appear on the market, the limited i

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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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