Our local housing market is still very strong as we enter into the holiday season. Here are the latest statistics for the single-family home market in the Reno/Sparks area.
As of December 29, 2020, there were 203 homes available for purchase, a remarkable 75 percent decrease from this time last year. The persistent low inventory represents a challenge for buyers, but also makes it an extremely good time to sell a home with little competition in almost every price range.
Months or Days of Inventory is typically how REALTORS refer to the amount of time it would take to sell all existing homes for sale if no additional homes entered the market. For homes priced under $300,000, we have only 2 days of inventory in Reno/Sparks, and for homes in the…
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