In the Reno-Sparks market at the end of August 2017 our Month’s Supply of Inventory dropped to 1.4%. This is very low! In the under $500,000 price point we have only 1 month’s supply. This is a very strong signal to sellers that now is a great time to sell. The Shocket Team and help you maximize your proceeds given current market conditions. Reno-SparksRealEstate.com
Some Highlights:
- The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!
- Anything under a 6-month supply is a seller’s market!
- Nationally, there has not been a 6-months inventory supply since August 2012!
- Inventory levels differ depending on the area of the country and price range, so let’s get together to discuss the exact market conditions in our area.
