Shocket Team - Dickson Realty

Working For You, Working For The Community

Home Buyers, Home Sellers

Inventory Drops Again, Sales Slow

In the Reno-Sparks market inventory dropped in June .06% from May and down 14.5% from June 2016 with a month’s supply at 1.4 months.   Inventory supplies locally are significantly lower than the National average.  Despite these inventory numbers Reno-Sparks did see sales up in June, 8 from May and 11% from June 2016.  Median prices continuing to rise to $340,000, up 2% from May and up 9% from June 2016.  If you want to buy or sell see some great tips below and call the Shocket Team.  Reno-SparksRealEstate.com

Highlights:

  • Existing Home Sales are now at an annual pace of 5.52 million.
  • Inventory of existing homes for sale dropped to a 4.3-month supply, marking the 25th month in a row of declines.
  • The median price of homes sold in June was $263,800. This is the 64th consecutive month of year-over-year price gains.

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