As of this morning there are only 780 active listings for single family homes in the Reno-Sparks market. This is a pretty low number for our market. (As a point of reference, at the end of December in the previous year, 2018, there were 1, 119 active listings.) There have been 68 homes listed since January 1st. If you have been thinking about selling this year, NOW is the time to call us to get a plan in place.
Buyers are out there and they are waiting for you to list. They are looking for more choices (it’s been slim pickings through the holiday months) and with very favorable interest rates they are ready!
Here is graph that shows the months supply of inventory by price point. 6 months of inventory indicates a balanced market. As you can see in all but the very highest price range the market has below 6 months of inventory signaling it favors sellers.
If you or someone you know is considering selling this year the Shocket Team is ready with information on the market and to get homes SOLD!