Here’s a quick look at the Reno/Sparks housing market.
The median sales price for single family homes sold in July experienced a 3.8% increase, to $290,735, from June, 2015. The median sales price for condos in July was $155,050, which is an increase of 15.7% from June.
This increase is particularly noticeable by looking at the range of sales for home over the month. The highest-priced home to sell in July sold for over $3 million dollars, well above the single-largest home sale in June. The lowest priced home to sell in July was even significantly higher than the same comparison for June.
The average days on market for homes decreased from 92 to 79 between June and July, but the average days on market for condos increased slightly from 72 to 84 over the same time span.
There was a slight decrease in the number of units sold for both homes and condos for July compared to June.
Despite the slight dip, the noticeable increase in average sales prices should be encouraging news for potential sellers. It is a great time to sell, while inventory is very constrained.
Your Dickson Realty agent can help you set the right price, and help you understand how to negotiate the potential of multiple offers. Whether buying or selling in the current market, you need an expert counselor on your side.
An experienced Dickson Realty agent, along with our award winning website and mobile app, can help you navigate the process. Contact one of our experts 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.