Here’s a quick look at the Reno/sparks housing market.
The median price for single family homes in November remained steady for the second month in a row at $260,000, while the median price for condos decreased slightly to $95,000.
Although fewer homes and fewer condos sold during the month, both categories had a reduction in available inventory. Sellers’ in our area continue to benefit from a shortage of inventory.
Average days on market for homes in November remained stable, but rose 15% from October for condos.
Is this a good time to buy? With a slowing in the pace of sales, and continued low interest rates, this could be a great time for you to purchase a home.
Whether buying or selling, you need an expert counselor on your side. Our experienced Dickson Realty agents, along with our award winning website and mobile apps, can help you understand the nuances of the market. Contact one of our agents to get the very latest information about your neighborhood home values. We’ve been assisting northern Nevada buyers and sellers for more than 40 years.