With Christmas just 2 days away Santa has brought the gift of low inventory to sellers. As of this morning there are only 865 active listings for single family homes in the Reno-Sparks market. This is significantly lower than the 1,119 homes for sale at the end of December 2018, 29.5% lower.
With lower inventory, sellers have less competition. Here is a breakdown of the active single family listings by price point:
- Under $300,000 – 68 homes for sale.
- $300,001-$600,000 – 523 homes for sale.
- $600,001-$900,000 – 140
- Over $900,001 – 134
If you are considering selling in early 2020 the Shocket Team can help show you the market for your home in the new year.
Wishing all our clients, friends and family a Very Merry Christmas and All The Best in 2020!