The increase in months of inventory for both homes and condos, due in part to more active listings and fewer sales, means more properties are becoming available to potential home buyers. Still, the Reno and Sparks areas remain a strong seller’s market, especially for homes priced less than $600,000.
Recent reports from EDAWN and the UNR Center for Regional Studies predict strong economic growth and a 1.4% annual population increase for the next five years. These factors will contribute to a robust demand for housing. The year over year price increases and low inventory that we’ve witnessed for the past couple of years will continue if the projections are correct.
If you are thinking about selling your home, we can help you set the right price and help you understand how to negotiate the potential of multiple offers. Give us a call at 775-453-4568 to schedule a time to meet up.