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Homes were on the market an average of 53 days between listing and a contract for purchase.
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Prices continue to stabilize, and the median price of an existing home in the region was up less than 1 percent from year-earlier figures.
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During the month of June 2022, the Reno/Sparks Association of REALTORS (RSAR) reported sales activity for the housing market slowing down, wit…
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The median sales price for an existing single-family residence in Reno/Sparks was $600,000, an increase of 13.2 percent from last year
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The Reno/Sparks Association of Realtors says the median price of an existing home rose to $615,000 in May, a 4.4% over the month before.
Commerce
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The median home sale price in Reno-Sparks has more than tripled since 2010 and construction costs are also rising.
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During the month of March 2022, the median sales price reached $575,000 for an existing home in Reno/Sparks, an increase of 2.9 percent over February’s figure.
Commerce
U.S. new home sales jumped 7.1% in August, as low mortgage rates pull buyers into the housing market.
The Reno-Sparks Association of Realtors has released this year’s April report for existing single-family home sales in the area.
Economics
The Truckee Meadows have come a long way since the Great Recession which led to low property values and high foreclosure rates.