The Reno/Sparks Association of REALTORS® (RSAR) has released its Reno-Sparks Market Report for September 2018.
From September’s report…
“We are seeing a leveling trend of the median sales price in the area,” said Doug McIntyre, 2018 RSAR President. “Since March of this year, median price in the Reno/Sparks has hovered in the $370K to $375K range, except during the summer months, when it reached a high of $389,000.”
- The September median price at $374,000 is up 1% from August and up 11% from a year ago.
- September unit sales at 439 are down 22% from August and down 28% compared to September 2017.
- September new listings are down 22% at 630 compared to August and up 10.3% from one year ago.
- The Reno market is a seller’s market, at 3.1 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 September…