In the Reno-Sparks market we have seen a drop in sales due to low inventory in April and March. These low inventories are also responsible to the increase in the median price. Our market is in great need of more homes available for sale. This is a great time for sellers to consider selling and the Shocket Team can help. Reno-SparksRealEstate.com
|Median Price||# Sold 2018||# Sold 2017||% Change||Inventory|
- Existing Home Sales are now at an annual pace of 5.46 million.
- Inventory of existing homes for sale dropped to a 4-month supply, marking the 35thmonth in a row of declines.
- The median price of homes sold in April was $257,900. This is the 74th consecutive month of year-over-year price gains.