As of today there are 1,257 active single family home listing in the Reno-Sparks market. This is significantly higher than the 783 homes that were available to purchase last November, about a 60% increase. There are some great opportunities for buyers right now in the market. The 1,257 active listings have an average of 88 days on market and over HALF have had a price reduction. For buyers this means there may be some wiggle room and the ability to offer below asking, ask for a closing cost credit or negotiate other favorable terms. The Shocket Team can help you make the most of the current market conditions. Reno-SparksRealEstate.com
More good news…. Of the active listings 433 (that’s about 35% of the active listings) are priced at or BELOW our $375,000 median single family home price. So if you were considering buying but got frustrated by multiple offers and over bidding last Spring, NOW is the time to take another look at the market.