In the Reno-Sparks market the January data is in.  According to the Reno-Sparks Association of REALTORS the median price rose to $359,950 as of January 2018.  This is a 19.2% increase over January 2017.  If you are considering buying or selling the Shocket Team can help you understand the market.

The number of units sold in January was up 9.9% over January 2017.

Janurary 2018 Units Sold

Also new listings were also up 20.2% over this time last year.

January 2018 New Listings

As of this morning there were only 142 available single family home listing at or under the median price of $359,950.  These low inventory levels are what continues to drive the median price upward.