March 28, 2016 Reno Sparks Market Report- Days on Market
by Jeff Sallan
on Sunday, March 27th, 2016 at 8:21pm.
The average Days on Market is displaying an overall trend in growth, capped by a mark of 116 days for February 2016. This equated to a percent increase of 11.5 percent from January to February. While the average Days on Market fluctuates frequently throughout a calendar year, looking back to 2011 indicates an overall downward trend. The spike to 116 is a pretty rapid increase considering the all-time low of 78 Days on Market set in August 2015. The last time the market posted an average Days on Market higher than 116 was a mark of 129 set in January 2015.
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