RSAR Market Report for Fernley, Nevada – February 2019

The Reno/Sparks Association of REALTORS® (RSAR) has released its Fernley Market Report for February 2019.

From February’s report…

The February 2019 report indicated that Fernley had 37 sales of existing single-family homes, a decrease of 30.2 percent from February 2018 and a 37 percent increase from January 2019. The median sales price in Fernley for an existing single-family residence in February 2019 was $267,450; an 9.3 percent increase from February 2018, and a 2.9 percent increase from last month.

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

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About Guy Johnson

I am a licensed Nevada REALTOR® (lic.# S.0075262.LLC) living and working in fabulous Reno, Nevada. I cover Reno, Sparks, Incline Village, Carson City, and beyond. Give me a call at 775-722-4011 and I will be happy to assist you with your real estate needs. I'm your Guy!
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7 Responses to RSAR Market Report for Fernley, Nevada – February 2019

  1. Avatar Timothy Scott Weber says:

    I always appreciate this report, Guy. I think your title should read Feb 2019 instead of Feb 2018. What is your view on the Fernley market? Inventory is still up a bit, but it looks like a healthy, stable market.

  2. Avatar Guy Johnson says:

    Thank you for the heads-up on the typo. I appreciate it.

    Regarding Fernley, yes, healthy and stable. And price growth is much faster than that of the Reno/Sparks market. I expect to see much more continued growth for Fernley.

  3. Avatar Angie Elquist says:

    I’m noticing more price cuts on Zillow for Reno area. Do you except to see more?

  4. Avatar Guy Johnson says:

    Hi Angie. Thank you for your question; it is a good one. For the lower price bands, my answer is No. Our market is in the midst of its spring home buying season. Buyer traffic will continue to increase through June or July. That coupled with low inventory levels (again at the lower price points) certainly makes for a Seller’s Market. Therefore I would not expect to see an increase in price cuts in the next three or four months. Now, after summer when buyer traffic begins to slow, you may begin to notice more price reductions.

    Hope that helps. Thank you for reading the blog.

  5. Avatar Tim weber says:

    Guy,
    Any updates for the Fernley market? Haven’t seen any RSAR reports for Fernley posted recently. Thanks for the other info. The report for April in Reno is promising for owners/investors.

  6. Avatar Guy Johnson says:

    Hello Tim. Thank you for your question and comments. Here is a link to the Fernley market report for March. The RSAR has not yet released the Fernley’s market report for April, but I will post it as soon as it is released. Thank you for reading the blog.

  7. Avatar Guy Johnson says:

    Tim, I have just pulled Fernley’s numbers. There were 55 home sales in Fernley during the month of April. These sales exhibited a median sales price of $265,000. April’s median sales price is up 2% over March’s median sales price.

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