Our NEW Normal Reno/Sparks Housing Market – more inventory, leveling prices, longer market time and no more multiple offers. 

We still have a strong market, it’s just that buyers have more choices and sellers need to understand present realities.

Reno/Sparks Home Market Insights:

Median Sold Price  $574,510
Month over Month  – 4.2%
June: $600,000
Year over Year  + 9.4%
July 2021: $525,000

Units Sold  425
Month over Month  – 7.2%
June: 458
Year over Year  – 34.0%
July 2021: 644

New Listings  687
Month over Month  – 20.7%
June: 866
Year over Year  – 7.9%
July 2021: 746

Active Inventory  1348
Month over Month  + 9.1%
June: 1235
Year over Year   + 157.7%
July 2021: 523

Supply of Inventory  96 days
Month over Month  + 18.5%
June: 81 days
Year over Year  + 300.0%
July 2021: 24 days

 

Whether looking to buy or sell a home, please contact me for a realistic consultation so you can make an informed decision.  (Of course there is never any obligation or pressure!)

Thank  you  for  your  business,  trust  and  friendship!

Peter Moritz, 775.530.4100
RE/MAX Realtor Hall of Fame

Your Trusted Advisor…  straight talk.  real answers.