Here’s the latest information on the Reno/Sparks real estate market. Our analysis focuses on single-family home activity in the region for the month ending March 2021.
If you have any questions about this report or the real estate market in our region, please reach out.
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This report will give you an update on the Reno/Sparks real estate market through the 1st quarter of 2021. You will find information about prices in different parts of town compared to where they were a year ago and market stats broken down by price range in Reno/Sparks.
Click on the image to read the magazine-style report.
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Working from home is not a new concept. In the late 80s and early 90s, the home office was a common home amenity. After fading from popularity in the mid-90s, the home office has become a staple for many homeowners today. The Covid-19 pandemic has completely changed how millions of employees are working.
Prior to the pandemic, roughly 5% of the workforce consistently worked from home. At the peak, in May 2020, more than 50% of the workforce was working remotely. Many workers have taken to the style of remote work and businesses save in overhead costs, making remote working a win-win. A Gallup Survey from April 2020 shows that 60% of remote workers would prefer to continue to work from home as much as possible.
What does this mean for real estate?…
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Our local housing market is off to a strong start through the 1st quarter of 2021. Here are the latest statistics for the single-family home market in the Reno/Sparks area.
As of April 1, 2021, there were 187 homes available for purchase which is a significant 74 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 $400,000, we have only 3.5 days of inventory in Reno/Sparks, and for homes in the…
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It's no secret that Reno-Sparks is in the midst of a seller's market. Many homeowners have significant equity in their homes and interest rates are still at historic lows meaning this may be the perfect time to sell your home, especially if you're downsizing or moving out of the area. If you are thinking about listing your home in the near future, take a look at these five things you should do.
1. Find a Great Real Estate Agent. Choosing an agent that you trust and who is an expert in the local real estate market is arguably the biggest decision you can make when listing your home. Ask about their marketing plan, their experience, and testimonials of past clients.
2. Deep Clean. Whether you tackle the cleaning yourself or hire professionals,…
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