Here’s what you need to know about the Reno/Sparks real estate market, from the experts at Dickson Realty.
There were 817 homes active on the market and available for purchase at the end of December, which was a 16% decrease from November and a 32% decrease from December 2018. This was the fourth consecutive month to experience a reduction in inventory.
Reno/Sparks area REALTORS sold 504 single family homes in December, which was an 11% increase from November 2019 and a 31% increase from December of 2018. Demand for homes is expected to remain strong, even with the reduction in inventory.
The median sold price for single family homes in Reno/Sparks was at $393,500 in December, which was slightly less than November. The regional median price…