Here is a quick market summary for the Reno/Sparks market courtesy of the Reno/Sparks Association of Realtors.
The median sales price has increased 5.1% from the previous month and increased 9.4% from the past year. Inventory of available homes on the market continues to stay low at 3.4 months of inventory. This continues the seller’s market trend. Rising rent increases with low interest rates have increased the number of buyers in the market.
Custom market reports are available upon request.