Let’s take a look at the median price and days on market trends for the Reno/Sparks area.
The median price for the Reno/Sparks region in January was $252,000 which was a 4% decrease from December, but is a 15% increase over January of 2014.
Since August of last year, the average days on market has been increasing. In January, the days on market peaked at 125.
The increase in days on market is mainly due to bank owned and short sale homes that are selling in the region, which in January had an average days on market of 202 days. By comparison, traditional or non-distressed homes had an average days on market of 107.
With consumer confidence up, the unemployment rate continuing to decline and a rapidly improving job market, 2015 is looking to be a great year for our local real estate market. 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.
Be one of the first to know about new listings by visiting Dicksonrealty.com or download our mobile app, where we update listing information 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.
Thank you to our segment sponsor A&H Insurance.