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October 2014 Reno/Sparks Market Report

Posted by Jeff Sallan on Friday, November 14th, 2014 at 3:54pm.

Here’s a quick look at the Reno/Sparks housing market. October single family home sales were down 5 percent from September, but the median sales price increased by 8.7 percent, from $239,000 in September to $260,000 in October.

Condo sales remained steady over the past two months, but the median sales price for condos decreased by 7 percent, from $107,500 in September down to just below one hundred thousand in October.

Is this a good time to buy? With a slowing in the pace of sales, combined with more homes on the market and continued low interest rates, this could be a great time for you to purchase a home.

Whether buying or selling, you need an expert counselor on your side. As your experienced Dickson Realty agent, along with our award winning website and mobile apps, I can help you understand the nuances of the market. Be sure to like us on Facebook or read our blog to get the latest information. Or get in touch with me to answer any questions you might have about the local real estate market.

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