Wow! July was another record-seeing month for the local real estate market. Nearly 600 homes were sold for the month at a median sales price of almost $292,000. That median price is a $13,000 one-month increase over June’s median of $279,000. Days on market also hit a new low.
See all the numbers in the Reno/Sparks Association of REALTORS® Reno and Sparks real estate market report for July 2015. Click on the report below to access the entire report.
From July’s report…
“July 2015 unit sales was another record a July, exceeded only by July 2005’s unit sales,” said Dave Hansen, 2015 RSAR president. “We continue to see a steady increase in the median sales price since the bottom of the market in January 2012. Both the Reno and Fernley Market remain in a Seller’s market, with the sold to list price ratio at 98% or better.”
July 2015 median price was up 4.7% to $291,990 compared to $279,000 in June 2015 and up 16.8% compared to $249,950 in July 2014.
related post: RSAR Monthly Market Report – June 2015