Market Report - Inventory and Percent of Sales - Reno/Sparks
Demand for affordable housing in Reno-Sparks is high, and supply is low. This makes it a challenging environment for home buyers and sellers alike. Let’s take a look at our local housing inventory and year to date sales statistics by price range.
As of August 28th, there were 1,077 homes on the market that were Active and Available for purchase. This number was slightly less than the 1,082 on the market at the end of July. Despite this small change month over month, Available Inventory is down 32.8% from the 1,602 homes on the market at this time last year. Sixty-seven percent, or 724 of the homes on the market today have asking prices under $600,000, and less than 20% of the homes on…
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