The Reno/Sparks Association of REALTORS® (RSAR) has released its Market Report for Reno-Sparks the month of February 2018.
From February’s report…
- The February median price at $370,000 is up 3% from January.
- February unit sales at 429 are up 6% from January and up 11% compared to February 2017.
- February new listings are up 10% at 532 compared to January and up 3% 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 February…