RSAR Monthly Market Report – May 2015

The Reno/Sparks Association of REALTORS® has released its Sparks and Reno real estate market report for May 2015. Click on the report below to access the entire report.

rsar-market-report-2015-05

From May’s report…

“Homebuyers who have been on the sideline should consider making a move to buying a home soon before interest rates get too high,” said Dave Hansen, 2015 president RSAR. “Mortgage rates are showing signs of inching up. The 30-year fixed-rate mortgage is up almost a half of a percentage point since mid-May, averaging about 4.125 percent. Economists had predicted we would begin to see an increase in interest rates by mid-year and they appear to be right.”
May 2015 median price was up 4.7% to $284,900 compared to $272,000 in April 2015 and up 18.7% compared to $240,000 in May 2014.

related post: RSAR Monthly Market Report – March 2015

3 comments

  1. Bill Myatt

    Thanks for sharing. I really like the look and layout of your page.

  2. Guy Johnson

    You are welcome Bill. Thank you for the compliment. And thank you for reading the Reno Realty Blog.

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