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Real Estate Market conditions

Found 201 blog entries about Real Estate Market conditions.

As of October 31st, there were 1,119 single family homes available for purchase, a 12.4% decrease from the prior month. It is also the lowest inventory of available homes since April. About seventy percent of available homes are priced under $600,000.

For homes priced under $300,000, we have 31 days of inventory, and for homes in the range of $300,000 to $600,000, inventory is just under 2 months. That is a 17% decrease for that price range since the end of September. It’s a very good time to sell a home in either of these price ranges.

Inventory of homes priced from $600,000 to $900,000 is 3.8 months, and the $900,000 to $1,500,000 price range is 5.7 months. This price range represents the most balanced market between buyers and sellers. For homes

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Click on the image to read our Luxury Trends Report for Reno/Sparks. In this report, you will find loads of information about our luxury real estate market. There is a letter from the broker, valuable market stats and insights, our active and sold luxury listings this year, and articles from Luxury Portfolio.

Click here to download a PDF version of the Luxury Trends.

If you would like any more information about our regional real estate market, please reach out.

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Here’s what you need to know about the Reno/Sparks real estate market, from the experts at Dickson Realty.

There were 1,278 homes active on the market and available for purchase at the end of September, which was a 5.2% decrease from August and a 13.6% decrease from September 2018. Over two-thirds of the available homes for sale on September 30th were priced below $600,000.

Reno/Sparks area REALTORS sold 558 single family homes in September, which was a 10% decrease from August 2019 and a 21% decrease from September of 2018. It is typical this time of year to see the number of sales start to decrease.

The median sold price for single family homes in Reno/Sparks decreased by 1% to $395,000 in September. Despite the monthly decrease, our

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As of September 30th, there were 1,278 single family homes available for purchase, a 5% decrease from the prior month. A slightly larger decrease of 7% was realized since this time last year. Seventy percent of available homes are priced under $600,000.

For homes priced under $300,000, we have 1 month of inventory, and for homes in the range of $300,000 to $600,000, inventory is just under 2.5 months. It’s a very good time to sell a home in either of these price ranges.

Inventory of homes priced from $600,000 to $900,000 is 4.5 months, and the $900,000 to $1,500,000 price range is 6.3 months. These two price ranges represent the most balanced market between buyers and sellers. For homes priced over $1,500,000, we have a 12.9 month supply. A five

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Here’s what you need to know about the Reno/Sparks real estate market, from the experts at Dickson Realty.

There were 1,348 homes active on the market and available for purchase at the end of August, which was a 2% increase from July, but  3.4% fewer than August 2018. This is the first decrease in inventory year-over-year since June of 2018. Over two-thirds of the available homes for sale on August 31st were priced below $600,000.

Reno/Sparks area REALTORS sold 610 single family homes in August, which was a 1.3% increase over July 2019, and a 6.6% increase over August of 2018.

The median sold price for single family homes in Reno/Sparks decreased by 1.4% to $399,250 in August. Despite the monthly decrease, our regional median price is up by 7.7%

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As of September 3rd, there were 1,348 single family homes available for purchase, a 2% increase over the last month. A slightly larger increase of 6.5% was realized since this time last year, providing some needed relief to home buyers in our region. Seventy percent of available homes are priced under $600,000.

For homes priced under $300,000, we have 1 month of inventory, and for homes in the range of $300,000 to $600,000, inventory is about 2.6 months. If you own a home in either of these price ranges, it continues to be a very good time to sell with little competition in the marketplace. Inventory of homes priced from $600,000 to $900,000 is 4.7 months, and the $900,000 to $1,500,000 price range is 6.7 months. These two price ranges represent

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Mortgage rates dropped again last week as concerns about the ongoing trade dispute with China continue. The 30-year-fixed-rate mortgage averaged 3.6%- the lowest we've seen since November 2016. Last year at this time, the 30-year fixed-rate-mortgage averaged 4.59 percent. 

This was the third-largest weekly decline for the 30-year-fixed-rate mortgage during 2019, a year where we've only seen a handful of rate increases. 

The 15-year-fix-rate-mortgage also dropped to an overage of 3.05%. Last year at this time, the 15-year fixed-rate-mortgage averaged 4.05 percent.

Sam Khater, Freddie Mac’s chief economist, says, “There is a tug of war in the financial markets between weaker business sentiment and consumer sentiment. Business sentiment is declining

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Reno/Sparks area Realtors sold 590 single family homes in July, which was a 4% increase from June 2019, and a 4% increase since July of 2018.

There were 1,321 homes active on the market and available for purchase at the end of July, which was a 4.4% increase from June, and an 11% increase from July 2018. This marks the fourth consecutive month of increases in available inventory. Over two-thirds of the available homes for sale on July 30th were priced below $600,000.

The median sold price for single family homes in Reno/Sparks rose by another percentage point, to $405,000 in July. Year over year, our regional median price has increased a little over 5%. This is the highest median price ever recorded for Reno/Sparks single family homes. “Median”

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Here’s the latest information about the Reno/Sparks real estate market, from the experts at Dickson Realty.

As of July 30th, there were 1,321 single family homes available for purchase, which is a 4.4% increase over the last month. An even more sizable increase of 28% was realized since this time last year, providing needed relief to home buyers in our region. Sixty-nine percent of available homes are priced under $600,000.

For homes priced under $300,000, we have 31 days of inventory, and for homes in the range of $300,000 to $600,000, inventory is about 2.5 months. If you own a home in either of these price ranges, it is a very good time to sell with little competition in the marketplace. Inventory of homes priced from $600,000 to $900,000 is

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