The November numbers for the Reno-Sparks, NV market are in and explain a lot for buyers and sellers in the Reno-Sparks market. Inventory dropped 18.7% from October and is down 43% from the same time last year to 783 active and available listings. With only 372 new listings in November buyers are feeling like finding a new home is like finding a needle in a haystack.
With the low inventory conditions the median price was driven up to $355,000. This is 2.6% up over October and 14.5% up over November 2016.