Here’s a quick look at the Reno/Sparks housing market.
Dickson Realty Market News March 19, 2015 from Dickson Realty on Vimeo.
Total February single family home sales were up 6%. The median sales price for homes increased 5% to $265,000. Overall supply of inventory stayed the same at 1.8 months, but breaking that inventory down by price range tells a very different story. Under $300,000, there is only 16.8 days of inventory, and between $300,000 and $600,000, there is 1.68 months of inventory.
Total Condo sales increased in February by 38% over January, and the median sales price also increased 13% over January’s median price of $97,300.
Interest rates are still incredibly low, so it is a great time to buy. It’s an even better time to sell. To understand the nuances of the real estate market, you need an expert counselor on your side whether you are buying or selling.
An experienced Dickson Realty agent, along with our award winning website and mobile app, can help you navigate the process and understand what is happening in our local market.
Contact one of our agents to get the very latest information about your neighborhood home values. You can trust the experts at Dickson Realty. We’ve been assisting northern Nevada buyers and sellers for more than 40 years.
Thank you to our Market News segment sponsor: Puliz Moving & Storage.