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Real Estate Market conditions

Found 196 blog entries about Real Estate Market conditions.

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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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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