RSAR Monthly Market Report for Fernley, Nevada – June 2018

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

From June’s report…

“The lack of inventory has been the primary driving factor for increasing prices,” said Doug McIntyre, 2018 RSAR President. “Other indicators in the market are strong. Lending practices are sound, FICO scores are holding, there just no inventory and that continues to drive pricing and frustrate buyers.”

• The median price at $252,500 is down 1% from May and up 11% from June 2017.
• Fernley’s unit sales at 59 are up 7% from May and down 25% from June 2017.
• June new listings at 78 are up 7% from May and down 7% from June 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 June.

Related post: RSAR Monthly Market Report for Fernley, NV – March 2018