RSAR Monthly Market Report for Fernley, Nevada – August 2018

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The Reno/Sparks Association of REALTORS® (RSAR) has released its Fernley Market Report for August 2018.

From August’s report…

“Since February of this year, active inventory levels have been slowly trending up,” said Doug McIntyre, 2018 RSAR President. “The increasing levels in inventory should take some of the stress off median price.”

  • The median price at $253,000 is up less than 1% from July and up 6% from August 2017.
  • Fernley’s unit sales at 54 are up 2% from July and down 14% from August 2017.
  • August new listings at 65 are down 17% from July and down 16% from August 2017.
  • The Fernley market has 2.1 months supply of inventory, a seller’s market.

Click on the graph below to see the entire RSAR market report for August.

Related post: RSAR Monthly Market Report for Fernley, NV – July 2018

About Guy Johnson

I am a licensed Nevada REALTOR® living and working in Reno, Nevada. Give me a call at 775-722-4011. My team and I will be happy to assist you with your real estate needs.
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2 Responses to RSAR Monthly Market Report for Fernley, Nevada – August 2018

  1. Tim says:

    Thank you Guy! Good stuff. I follow Zillow with its Zestimates, and it’s shown a much bigger drop in the last month. Many standard 3/4 bedroom homes are down 5-10% in the last month in Fernley. I noted your optimistic comments about Reno. Hoping this is a correction and not a beginning of a trend. Keep the good info coming, please.

  2. Guy Johnson says:

    Thank you for your comment, Tim. Yes, I am optimistic.

    As always, thank you for reading the blog.

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