Pending status homes in the last 24 hours = 339 at an average $400K
and a median $297K. Current number of single family homes offered for
sale = 3769. Compare this to November’s random pendings check at 377
for an average $371K and a median $289K with 4098 homes offered for
sale. So in this moment, if these pendings close, we have an
eleven-month
supply of homes in our market, just like last month. Despite a
drop in inventory, fewer buyers are in contract, though the median and average did creep up.
These figures were pulled from the Northern Nevada MLS and do
not include builder direct sales, for sale by owners or other private
transfers. These are single family homes including condos, stick built
and manufactured homes pulled from Area 100, the Reno-Sparks metro
area. Active listings include actives, new, back on market, price
raised and priced reduced. Pending classifications include pending no
show, active pending call, active pending loan and active pending
house. Pendings were pulled looking at a 24 hour period of time to
provide a market snapshot of recent activity.
