For the Reno/Sparks areas, active inventory was down slightly from the previous month. But average price was up 6%, median price was up 2%, and median price per square foot was up 2%. The slow season is just around the corner but we expect prices to increase, even if just slightly. Still, with the number of buyers currently in the market and with prices as well as interest rates going up, the time to buy is now!
Truckee/No. Lake Tahoe Report
Over the past 6 months, prices for single-family homes have increased, average prices by 25%, median prices by 5% and average price per square foot by 9%. For condos and townhomes, prices were mixed, with average prices and average price per square foot both down by 6% and 22% respectively, whereas median sales prices were up by 13%.
With the abundance of buyers currently in the market and with prices as well as interest rates going up, the time to buy is now!
If you’re thinking of buying or selling your home, contact a Dickson Realty agent today.