The Reno/Sparks Association of REALTORS® (RSAR) has released its Reno-Sparks Market Report for the month of July 2018.
From July’s report…
“The Washoe County median price is at $389,000, which is up 10 percent compared to July 2017,” said Doug McIntyre, 2018 RSAR President. “This is a record high median price for the Reno/Sparks market. When you factor in pricing with the seasonal trend, I would anticipate that unit sales numbers may not reach 2017 levels.”
- The July median price at $389,000 up 2% from June and up 10% from a year ago.
- July unit sales at 555 are down 7% from June and down 17% compared to July 2017.
- July new listings are down 13% at 690 compared to June and up 4% 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 July…