By February 29th, the median price for the Reno-Sparks region climbed back to $290,000, a mark our market has matched at multiple moments over the past year. This was a healthy increase compared to January, which marked a median sales price of $277,500. Overall, the market has hovered around $290,000 since July 2015.
For any sellers who have equity as a result of the increase in property values, the low inventory and high demand make this a great time to talk to a Dickson agent about how to sell now and for the best price in many years.
Recent turbulence in the stock markets and the unsettled global climate is helping to keep mortgage rates at historic lows. This will help buyers who are looking to move up or enter the housing market for the first time. If you are in the market to purchase, you can be one of the first to know about new listings by visiting DicksonRealty.com. Or, download our free mobile app to your Apple or Android phone. We update listing information every 30 minutes, so you will have the latest information in the palm of your hand.
As Dickson Realty agents, we have the experience, the tools and the technology to stay on top of the market. That will help you buy or sell at the right price.
We hope this information is useful to you in your decision making process for buying or selling a home. Please contact us for more market statistics or market information.