Reno Real Estate Today

Someone grab a blanket - this market is cooling off!

Reno/Sparks area REALTORS sold 542 single family homes in August, which was 23 fewer than July 2018, and a 23% decrease compared to this time last year. The number of available homes went up from July, with 1,266 homes active on the market in August. Inventory is also up by about 12% when compared to August, 2017. Buyers will welcome more listings in the market to meet the demand that we have had for the past several years. The median sold price for single family homes in Reno/Sparks decreased 4% to $372,551 in August. Despite the monthly decrease, we still have a 6% increase when comparing to August 2017. “Median” means “in the middle”, so half of home sold for less and half sold for more.

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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®. . .