The total number of homes available for purchase in the Reno/Sparks region on December 1st was 1,103. This is a 15% decrease from November 1st, and a 25% decrease fromOctober 1st. Inventory levels are expected to rise after the beginning of the new year.
The number of properties sold in November decreased slightly from October, likely due to the seasonal trend. Median price in November was $260,000 which is a 2% increase over October.
With all these ups and downs, knowing what to do when buying or selling a home can be a challenge. Having a market expert on your side is an invaluable asset. As your Dickson Realty agent, I can help provide you with up to the minute information about what is selling in your neighborhood. That can give you a definite edge.