Here’s what you need to know about the Reno/Sparks real estate market, from the experts at Dickson Realty.
There were 974 homes active on the market and available for purchase at the end of November, which was a 13% decrease from October and a 23% decrease from November 2018. This was the third consecutive month to experience a drop in inventory.
Reno/Sparks area Realtors sold 448 single family homes in November, which was a 20% decrease from October 2019 and a 4.5% decrease from November of 2018. It is typical this time of year to see the number of sales start to decrease, and we expect fewer sales when inventory numbers are down as well.
The median sold price for single family homes in Reno/Sparks was relatively flat at $400,000 in…