Here’s what you need to know about the Reno/Sparks real estate market, from the experts at Dickson Realty.
There were 522 homes active on the market and available for purchase at the end of February, which was a 17% decrease from January and a staggering 42% decrease from February 2019. Although it is not uncommon to see a lower number of homes for sale this time of year, we have not had inventory this low in recent history.
Reno/Sparks area REALTORS sold 451 single family homes in February, which was an 16% increase from January and a 25% increase from February of 2019. Demand for homes is expected to remain strong, even with the lower inventory.
The median sold price for single family homes in Reno/Sparks was $391,500 in February,…