Reno and Sparks Market Profile
Median home prices are UP again this month bringing the appreciation to 12.1% over December of 2016. What is crippling to our market right now is the lack of available listings- down almost 50% over last year at this time. We are seeing homes that have sat on the market for three or more years finally go into contract because there are only a few listings in each area. We hope to see more listings come on the market with Spring around the corner.