RSAR Monthly Market Report – April 2014

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The Reno/Sparks Association of REALTORS® has released its real estate market report for April 2014. The report can be accessed by clicking on the chart below.

reno sparks median sales price - over 8 years - April 2014

Commentary from April’s report:

“The acceleration in median price has slowed in comparison to the rapid increase in median price that we saw in 2012 and early 2013,” said Mark Ashworth, 2014 president of the Reno/Sparks Association of REALTORS. “However, the major problem in the market continues to be low inventory of available homes. Buyer demand and low inventory keeps it a seller’s market. For example, Reno has only 3.5 month’s supply of inventory, the lowest level in history. Despite this, it’s still a great time to buy.”
April 2014 median price was up 0.9% to $230,000 compared to $227,999 in March 2014 and up 12.2% compared to $205,000 in April 2013.
April, 2014 units sold was up 6.1% to 508 compared to 479 in March, 2014 and up 5.2% compared to 483 in April 2013.

related post: RSAR Monthly Market Report – March 2014

About Guy Johnson

I am a licensed Nevada REALTOR® living and working in Reno, Nevada. Give me a call at 775-722-4011. My team and I will be happy to assist you with your real estate needs.
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One Response to RSAR Monthly Market Report – April 2014

  1. Pingback: RSAR Monthly Market Report – May 2014 | Reno Real Estate Blog

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