The Reno/Sparks Association of REALTORS® (RSAR) has released its Market Report for Reno-Sparks the month of January 2018.
From January’s report…
- The January median price at $360,000 is up 4% from December 2017 and up 19% from a year ago.
- January unit sales at 400 are down 19% from December and up 10% compared to January 2017.
- January new listings are up 51% at 470 compared to December and up 20% 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 January…