In the Reno/Sparks areas, April saw a 10% gain in single-family home sales since March and a 41% decrease in condo sales from 88 in March down to 52 in April. Active inventory for homes was up 9% with condos were up 25%. The April median price for homes was up just 1% and the average price was up 5%. The median price for condos was down 22% and the average price was down 13%.
Truckee/No. Lake Tahoe Market
Active inventory as of the end of April is only slightly higher than it was a year ago, but interestingly enough, sales for single family homes was down 24% whereas condo/townhome sales were up 170%. Multiple offers are still common in many price ranges, most probably causing the increase in pricing. Median prices for single family homes sales were up 13% over a year ago, condos/townhomes up 11%.
With inventory is still very low, buyers need to act quicker than they have in the recent past in order to stay on top of today’s 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.