Reno Real Estate Today

Median home price up 14.5% from Nov. '16

If this was a typical year, we would expect activity in the Reno/Sparks area for Single Family homes to cool off slightly in the last quarter of the year. However, continued strong demand and the constrained inventory of affordable homes continues to drive a Seller’s market in many price ranges and neighborhoods. Let’s take a look at the details. There were 783 homes available for purchase at the end of November. This a decrease of 18.7% when compared to October, and down a staggering 43% when compared to this time last year. Next, we will look at the number of units sold. Reno/Sparks area REALTORS sold 519 single family homes in November, which was a decrease of 6% compared to October. Ther

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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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