Category Archives: Market Trends

How high will Reno-Sparks’ median home price reach in 2018?

KOLO TV’s NewsNow Tuesday evening’s broadcast ran a segment on Northern Nevada’s 2018 Housing Outlook. As part of the report, Doug McIntyre, President of Reno/Sparks Association of REALTORS®, was interviewed. During the interview, Mr. McIntyre said he thought that our … Continue reading

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Why are people moving to Nevada?

United Van Lines has just released their 2017 National Movers Study. The report shows the ratio of moves to/from Nevada as 61 percent inbound moves vs. 39 percent outbound moves. This makes Nevada one of the highest ranking states in … Continue reading

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December median sales price and other market metrics

December’s median sales price pulled back from November’s to end the year at $345,000. December’s median sales price for homes sold in Reno and Sparks, Nevada fell 2.7 percent from November’s median of $353,000. Year-over-year however, December’s median is up … Continue reading

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Want to Buy a House in Reno-Sparks Built in the Last Ten Years? You’ll Need Half a Million

I recently posted an analysis of the extremely tight housing inventory that Reno, Nevada and Sparks, Nevada is facing. See: Reno, Nevada’s Housing Shortage — How Bad Is It? As an eleven-year local REALTOR® serving the Reno-Sparks area, the numbers … Continue reading

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Reno, Nevada’s Housing Shortage — How Bad Is It?

Each month the Reno-Sparks Association of REALTORS® releases its Housing Market Report for the greater Reno/Sparks area. And each month it’s reported that “The Reno market is a seller’s market, at [insert very low number here] months supply of inventory.” … Continue reading

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RSAR Monthly Market Report for Fernley, Nev. – November 2017

The Reno/Sparks Association of REALTORS® (RSAR) has released its Fernley Market Report for the month of November 2017. From November’s report… The median price at $249,000 is up 3% from October and up 19% from November 2016. Fernley’s unit sales … Continue reading

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RSAR Monthly Market Report for Reno-Sparks, Nev. – November 2017

The Reno/Sparks Association of REALTORS® (RSAR) has released its Market Report for Reno-Sparks the month of November 2017. From November’s report… The November median price at $355,000 is up 3% from October and up 15% from a year ago. November … Continue reading

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RSAR Monthly Market Report for Fernley, NV – October 2017

The Reno/Sparks Association of REALTORS® (RSAR) has released its Fernley Market Report for the month of October 2017. From October’s report… The median price at $241,500 is up 9% from September and up 27% from October 2016. Fernley’s unit sales … Continue reading

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