In April, the total number of single family home sales in the greater Reno Sparks area was up 3% from March. While the median sales price decreased slightly from March, it has increased 7 percent from January, to $271,000.
The number of homes available for purchase continued to decrease in April to 651, down from 797 in January. Typically inventory levels begin to rise as we get further into spring, and we are already seeing more homes come onto the market in May. Also, the outlook for more new home construction is positive as we head into the peak building season, which should provide some relief for our region’s constrained inventory.
April’s average days on market was 95, which is a slight increase from March. The average days on market has been relatively stable for the past several months.
Knowing what to do when buying or selling a home can be a challenge. Having a market expert on your side is an invaluable asset. As your Dickson Realty agent, I can help provide you with up to the minute information about what is selling in your neighborhood. That can give you a definite edge. Give us a call at 775-453-0209. We would be thrilled to be of service.