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 unit sales at 519 are down 6% from October and down 4% compared to November 2016.
• November new listings are down 32% at 372 compared to October and down 15% from one year ago.
• The Reno market is a seller’s market, at 2 months supply of inventory. Months supply of inventory is the time it would take to exhaust the active inventory at the current rate of sales.

Click on the graph below to see the entire RSAR market report for November…

Related post: RSAR Monthly Market Report for Reno-Sparks, Nev. – October 2017