The Reno/Sparks Association of REALTORS® (RSAR) has released its Market Report for the month of October 2017.
From October’s report…
- The October median price at $348,500 is up 4% from September and up 12% from a year ago.
- October unit sales at 538 are down 12% from September and up 4% compared to October 2016.
- October new listings are down 5% at 536 compared to September and down 8% from one year ago.
- The Reno market is a seller’s market, at 1.7 months supply of inventory. Months supply of inventory is the time it would take to exhaust the active inventory at the current rate of sales.
Click on the graph below to see the entire RSAR market report for October.
Related post: RSAR Monthly Market Report – September 2017