Curious what your Northern Nevada home is worth in today's market? Sallan Real Estate offers a completely free, no-obligation Comparative Market Analysis so you know the exact value of your home. Whether you are planning to sell immediately or some time later this year, having an idea of what your home could list for may help in your decision to list.
A recent Dickson Realty Market Update shows that the Reno-Sparks area experienced a 2.8% increase in median price from $360,000 in January to $370,000 in February. This price was 15.8% higher than February of last year, and 28%, or $80,000 higher than February 2016. These year over year increases highlight the strong demand for housing being driven by low housing inventory, low mortgage rates and continued economic growth. We anticipate the median price will continue to increase in the long term, especially in the most affordable price ranges that fall below $600,000, where over 90% of home sales occur.
If you have any questions about buying or selling in Northern Nevada, please contact us at your convenience. We look forward to hearing from you.