The Reno/Sparks Association of REALTORS® (RSAR) has released its Market Report for Reno-Sparks the month of December 2017.
From December’s report…
- The December median price at $345,000 is down 2% from November and up 15% from a year ago.
- December unit sales at 482 are down 9% from November and down 9% compared to December 2016.
- December new listings are down 24% at 292 compared to November and down 14% from one year ago.
- The Reno market is a seller’s market, at 1.3 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 December…