Here’s some market news regarding the Reno/Sparks housing market from your local experts at Dickson realty.
In February, the amount of single family home sales were up 6% from January, and the median sales price increased 4 ½% to $265,000.
The number of homes available for purchase in February decreased 11%, to 709, down from 797 in January. While the available inventory is exceptionally low, typically inventory levels begin to rise as we get closer to spring. Also, we anticipate that the new home builders are poised to start construction on more new homes as demand is steady and interest rates remain low.
For February, the average days on the market were 109, a slight decrease from December and January. The average days on market have been relatively stable since August of last year.
Buying or selling a home can be a challenge. Having a market expert on your side is an invaluable asset. Your Dickson Realty agent can provide you with up to the minute information about local prices and trends to help you negotiate the best deal.
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. You can find us on Facebook, Twitter, and in the app store!