The Reno/Sparks Association of REALTORS® (RSAR) has released its Fernley Market Report for October 2018.
From October’s report…
“The Fernley market is a seller’s market, at 2.9 months supply of inventory,” said Doug McIntyre, 2018 RSAR President. “The months supply of inventory in Fernley has been trending up for the past 8 months. This shows an improvement in inventory levels, providing buyers more choices.”
- The median price at $258,500 is up 7% from September and up 9% from October 2017.
- Fernley’s unit sales at 44 are down 30% from September and up 5% from October 2017.
- October new listings at 58 are up 2% from September and down 3% from October 2017.
- The Fernley market has 2.9 months supply of inventory, a seller’s market.
Click on the graph below to see the entire RSAR market report for October.