This week’s market news includes properties sold by type from Dickson Realty.
In the past several months, the percentage of non-distressed homes in the Reno/Sparks region has continued to be a dominating factor. A non-distressed home sale is also known as a regular or traditional sale. Short sales and bank owned sales are a small fraction of what they were a few years ago.
The median price trend for traditional sales continues to increase, while the average days on market has been relatively stable since May. Both of these trends demonstrate that our housing inventory is very low, especially in the most affordable price ranges below $300,000. The current market conditions give sellers a distinct advantage.
Call your expert Dickson agent or one of our offices if you would like to get the specifics on what is happening in your neighborhood.
If you are looking for a new home in this market, don’t be the last to know about new listings. Dicksonrealty.com and our mobile app data updates every 30 minutes, so you can be sure to have the latest information on the newest listings.