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Real Estate Market conditions

Found 191 blog entries about Real Estate Market conditions.

Click on the image to read the Mid-Year Market Trends Report for Reno/Sparks. In this report, you will find valuable information about the market including statistics, what your home is worth, and what it is like to live in Wingfield Springs.


Click here to download a pdf of the report.

If you would like more information about the Reno/Sparks real estate market, contact Sallan Real Estate today.

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Reno/Sparks area Realtors sold 670 single family homes in May, which was a 26% increase from April and a 16.5% increase since May of last year. May was the fourth consecutive month with an increase in sales after a relatively slow start to the year.

There were 1163 homes active on the market at the end of May, which was a 20% increase from April, and a 32% increase from May 2018. Over two-thirds of the available homes for sale on May 31st were priced below $600,000.

The median sold price for single family homes in Reno/Sparks rose by 4% over April, to $390,000. This was the third consecutive month of median price increases in the region. “Median” means “in the middle”, so half of homes sold for less and half sold for more. An annualized upward trend

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The 30-year fixed-rate mortgage averaged 3.82% for the week of June 13 Freddie Mac reported on Thursday. A 15-year-fixed-rate mortgage held at 3.26%, down slightly from 3.28%. We are almost halfway through 2019 and the 30-year-fixed-rate mortgage has shown weekly increases only 6 times all year. 

Fannie Mae's Mortgage Lender Sentiment Survey reports that, "The net profit margin outlook for mortgage lenders turned positive for the first time in nearly three years, due primarily to strong demand expectations for both purchase and refinance mortgages." 

Doug Duncan, Senior Vice President and Chief Economist at Fannie Mae, continues, "Lender sentiment regarding both recent and expected purchase mortgage demand growth across all loan types was the most

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As of May 31st, there were 1,163 single family homes available for purchase, which is a 20% increase over the last month. An even more sizable increase of almost 60% 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 only have 19 days of inventory, and for homes in the range of $300,000 to $600,000, inventory is 2.3 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 4.8 months. The $900,000 to $1,500,000 price range represents the most balanced market with 5 months of

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Let's review the Reno-Sparks real estate market, comparing month over month activity from March to April 2019, and comparing year-over-year from April 2018 to April 2019. This graphic contains Single Family Homes market statistics.

Please contact me if you have any questions or would like to discuss what is happening in our local real estate market.

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As of April 29th, there were 964 single family homes available for purchase, which is over a 13% increase from the beginning of April. An even more sizable increase of 38% 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 only have about 18 days of inventory, and for homes in the range of $300,000 to $600,000, inventory is 2 months. If you own a home in either of these price ranges, it is a good time to sell with little competition in the marketplace. Inventory of homes priced from $600,000 to $900,000 is 3.9 months. The $900,000 to $1,500,000 price range represents the most balanced market with 4.7 months

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This report will give you an update on the Reno/Sparks real estate market through the first quarter of 2019. You will find information about prices over time in different parts of town, market stats, and even information on how to find out what your home is really worth.

Click on the image to read the magazine style report.

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As of April 1st, there were 851 single family homes available for purchase, which is just over a 5% decrease from the beginning of March. Although we had a monthly decrease, the available inventory since last year has increased 43% providing needed relief to home buyers in our region. Sixty-eight percent of available homes are priced under $600,000.

For homes priced under $300,000, we have about 26 days of inventory, and for homes in the range of $300,000 to $600,000, inventory is 1.6 months. If you own a home in either of these price ranges, it is a good time to sell with little competition in the marketplace. Inventory of homes priced from $600,000 to $900,000 is 3.5 months. The $900,000 to $1,500,000 price range represents the most balanced market

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Let’s take a look at Median Price and Days on Market trends over the past 6 months in the greater Reno-Sparks area for single family home sales.

“Median” means “in the middle”, with half of homes selling for more and half selling for less. According to the Reno-Sparks Association of REALTORS, the median price increased by nearly 3% from $362,000 in January to $370,950 in February. The supply and demand struggles for housing in our region are expected to keep median price on the rise in the long term.

The Average Days on Market increased by 6% over the last month. The year-over-year increase from 88 days in February 2018 to 106 days in February 2019 was a more significant increase of 20%. A longer time on market is typical at this time of the

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

As of March 1st, there were 905 single family homes available for purchase, which is an 8% decrease from the beginning of the month. Although we had a monthly decrease, the available inventory has increased about 50% since this time last year, providing some relief to the buyers in our region. Sixty-nine 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 1.6 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

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