The Average Days on Market in Reno-Sparks for homes sold in July increased slightly to 87 days. We have been hovering near the limit of how fast inventory can turn over for the past few months. This slight increase in Days on Market is not indicative of less demand. We expect the Days on Market to remain low for at least a few more months. The fast pace of sales magnifies the need to be pre-qualified for a mortgage prior to starting a home search.
What do these statistics mean to you? Buying or selling a home in today’s market can be a challenge. Having a market expert and professional Realtor on your side is an invaluable asset. We can provide you with up to the minute information about local prices and trends to help you negotiate the best deal.