In market news this week, we are going to take a look at the trends in median price and average days on market for homes in the Reno/Sparks area.
The median home price for the Reno/Sparks region had a slight dip in September after three months of stability, but then rebounded in October with an 8.8% increase to $260,000. This is also a 21% increase compared to October 2013.
The average days on market ticked down 1% to 95 in October. This is about the same as one year ago, but down 17% from the high of 115 days on market back in January and February of this year.
Whether you are buying or selling, having a local real estate expert on your side is more important than ever. At Dickson Realty, our agents have the tools and technology to stay on top of the market. That will help you buy or sell at the right price.
For the latest market information, be sure to read our blog, Reno Tahoe real estate news dot com, and follow us on Facebook, Twitter and Google+. You can trust the experts at Dickson Realty. We’ve been assisting buyers and sellers in northern Nevada for over 40 years.