RSAR Monthly Market Report for Fernley, Nevada – March 2018

The Reno/Sparks Association of REALTORS^® (RSAR) has released its Fernley Market Report for the month of March 2018.

From March’s report…

Prices continue to inch up, but still remains 9% off the peak of the market in March 2006.” said Doug McIntyre, 2018 RSAR President. “Fernley is still an affordable option with the majority of inventory priced under $400,000.

• The median price at $243,600, up 1% from February and up 20% from March 2017.
• Fernley’s unit sales at 58 are up 16% from February and up 26% from March 2017.
• February’s new listings at 82 are up 71% from February and up 7% from March 2017.
• The Fernley market has 1.7 months supply of inventory, a seller’s market.

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

Related post: RSAR Monthly Market Report for Fernley, NV – February 2017