In the Reno-Sparks market we are seeing two distinct markets.  For homes under the $900,000 price point we are seeing a seller’s market (in the under $600,000 less than 1 month of inventory), and in the over $900,000 market we are seeing more a a buyer’s market.  Six months of inventory signals a balanced market.  If you are buying or selling in this market the Shocket Team can help with strategies in both markets.  Reno-SparksRealEstate.com 

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Some Highlights:

  • A trend that has been emerging for some time now is the contrast between inventory & demand in the Premium & Luxury Markets vs. the Starter & Trade-Up Home Markets and what that’s, in turn, doing to prices!
  • Inventory continues to rise in the luxury & premium home markets which is causing prices to cool.
  • Demand continues to rise with low inventory in the starter & trade-up home markets, causing prices to rise!