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Reno-Sparks Housing Market Update- November 19, 2015

Posted by Jeff Sallan on Thursday, November 19th, 2015 at 9:49am.

There were 1,778 available listings for October, which is a 6-month low. The number of available listings has decreased now for the past two months. From spring through summer, we had a steady increase in until August, when the trend changed course as we began to head into fall months.

The 6-month trend of sold properties has fluctuated more often than the total number of available listings. October ended with a total properties sold number of 528.  The market witnessed a low of 525 in August and a high of 657 in June over the past six months.Active Reno-Sparks November 19 2015

The change in median sales price over the past six months resembled a similar trend as the change in available listings.  October concluded with a median sales price of $280,000, which matches with June for the lowest mark over the past six months.  The steady downward trend began in July, which marked a 6-month high of $290,000.

The 6-month trend for the average days on market is more of an inverse of the trends for available listings and median sales price.  October witnessed a 6-month high of 99 days on market, which began to increase from a low of 77 back in August.

Dickson Realty Market Trends- Market News November 19, 2015 from Dickson Realty on Vimeo.

All the ups and downs when buying or selling a home can be a challenge to understand. Having a market expert on your side is an invaluable asset. We can provide you with up to the minute information about local prices and trends to help you negotiate the best deal. Call us at 775-453-4568.

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