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Percentage of Sales by Price Range- Reno Sparks Market Report August 5, 2016

Posted by Jeff Sallan on Friday, August 5th, 2016 at 2:09pm.

As we near the end of summer, now is a good time to look at the Percentage of Sales by price range. Ninety-five percent of all sales since the beginning of this year have been in the price ranges under $600,000, with over 57% of sales occurring below $300,000 and over 38% of sales occurring between $300 and $600,000.

Increased values are putting more sellers in a positive equity position, while the supply-demand equation continues to drive home prices up at a healthy pace. If you own a home valued under $600,000, and you are thinking about your next move, this is a time when you can get a premium price for your home. You can likely purchase a home in one of the higher price brackets, where there is greater inventory, at a very competitive price. Whether downsizing or moving up, now is a good time for us to discuss your options.

At Dickson Realty, we have the tools, training and technology to stay on top of the market. That, combined with my experience, can help you buy or sell at the right price.

To learn more about these statistics, or to find out what your home is worth in today's market, please contact me.

Reno Sparks Percentage of Sales August 2016

1 Response to "Percentage of Sales by Price Range- Reno Sparks Market Report August 5, 2016"

Slower Luxury Home Sales Could Mean Good Deals for Buyers wrote: [...]been in the under $300,000 price range. That leaves a lot more inventory in the luxury home market. Read more about the most recent local home sale statistics. 
A recent Realtor.com article points out the specifics in the nationwide luxury market trend.[...]

Posted on Monday, August 15th, 2016 at 9:02pm.

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