Reno Real Estate Today

Median home in Reno/Sparks prices stay consistent, but selling quickly.

Continued strong demand and low inventory of affordable homes is producing a challenging market for buyers in many neighborhoods. Let’s take a look at the details. There were 733 homes available for purchase at the end of May. This was a 2.5% increase when compared to April, but down over 33% compared to this time last year when there were 1,102 homes available. Next, we will look at the number of units sold. Reno/Sparks area REALTORS sold 543 single family homes in May, which was an increase of 10.6% compared to April. Despite the increase over the last month, there was a 20% decrease in the number of homes sold compared to May 2017. Inventory is down by over 33% year-over-year. With fewer

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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                                       

 

Do Not Underestimate the Importance of the RIGHT Realtor®. . .