Connect

Find us on...

Dashboard

Login using...

New Search X

Reno Real Estate May 2015 Market Profile

Posted by Jeff Sallan on Friday, June 19th, 2015 at 12:31pm.

Now is a great time to sell, since home values are up. And it’s a good time to buy since mortgage rates are still low. But, although mortgage interest rates are still incredibly low, the 30-year fixed rate mortgage is up almost 1/2 of 1% since mid-May. Buyers who have been on the sidelines should keep in mind that rates are expected to continue to rise throughout the year. You’ll want to work closely with your lender and your Dickson agent to make sure you are well positioned when making an offer.

It is an even better time to sell, while inventory is very constrained and home values are increasing. We can help you set the right price and help you understand how to negotiate the potential of multiple offers. Whether buying or selling in the current market, you need an expert counselor on your side.

The average single family home sales price in Reno/Sparks for the month of May 2015 was $353,181. That’s up from April’s average of $313,892. There were 816 active listings in May, but still only 1.4 months of inventory on the market.

Have questions about the local real estate market? Give us a call at 775-453-0209.

Market Profile June 18 2015

Leave a Comment