The Reno Sparks Association of Realtors finalized the sales numbers for July 2018. The median sales price for single family homes rose slightly to $389,000. We saw the typical seasonal unit sales drop from June (the peak sales month for the past 3 years). New listings also dropped from June, but again this is an expected seasonal decline. We are starting to see a slight increase in homes available for sale. This leads to a slightly longer days to contract and an increase in the months supply of inventory. Wondering what the market is in your neighborhood? The Shocket Team knows the market. Reno-SparksRealEstate.com
