Now here’s some market news regarding properties sold by type from Dickson Realty.
In the past 3 months, the percentage of non-distressed homes in the Reno/Sparks has continued to be a dominating factor in the Reno/Sparks housing market. A non-distressed home is also known as a “regular” sale – one where the home being sold is worth more than the amount of the loan.
The average days on market has remained stable for all types of properties, indicating that our market continues to experience low levels of inventory. Short sales and reo, or bank owned properties account for a small percentage of our overall market due in part to increasing prices, 8% and 4%, respectively.
The decrease in distressed properties being sold is due in part to higher sales prices. More homeowners have positive equity, and their homes are worth more than they owe. This is excellent news for our housing market and our local economy!
If you are looking for a new home, don’t be the last to know about new listings. DicksonRealty.com updates listings every 30 minutes, so you can be sure to have the latest information.
Trust the experts at Dickson Realty to get you the information you need, when you need it. We’ve been assisting buyers and sellers in northern Nevada for over 40 years.