In the past 3 months, the median price of non-distressed sales in Reno/Sparks have continued to increase, with the price being $229,950 in April, increasing to $236,250 in May, and rising even more to $254,000 in June.
At the same time, the average days on market has decreased for non-distressed sales, indicating that our market is experiencing low levels of inventory.
Short sales and REO properties account for a small percentage of our overall market due to our increasing prices, resulting in more homeowners being in a positive equity position. This is great news for our homeowners in our market.
If you’re thinking of selling or buying, we’re here to help! Contact an experienced Dickson agent today or visit us online at DicksonRealty.com.