Here are the latest market stats for Reno & Sparks. These stats reflect what has happened in the market up until the end of the previous month (March).  

Please note that the arrows represent an up-or-down in the values, not whether it is 'good' or 'bad'. For example, days on contract may show a red arrow but that means that properties are selling faster than they were the month before.

Months Supply of Inventory (also known as absorption rate) is the amount of time it would take to sell all existing homes on the MLS if no new listings came on the market. Typically a 5-6 month supply is considered a 'balanced market' (not leaning in favor of either buyer or seller.  Less than 6 months is considered "seller's market" while more than 6 months is considered a…

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I am pleased to announce that I am now with Sierra Nevada Properties. My great friend and longtime hiking buddy, Darrell Plummer who owns Sierra Nevada Properties, asked me to join him. We have known each other for 20 years. We hiked 200 miles together for 17 days on the John Muir Trail and have spent many a weekend on long hikes.
Darrell donates a ton of his time to Nevada and his community. He is currently President of the Nevada Real Estate Commission as appointed by the governor. It is my honor to have been asked by him to join his firm. Heather and I felt this move was in our best interest and are very excited to make this change. You will notice zero change in any of my services or ability to deliver the best possible results to you in any real…

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Whether you give a hoot about the environment or not, it could pay to think about energy efficiency when shopping for a home.

Newer houses certified by Energy Star — the federal government’s energy-efficiency rating program — use an average of 20% less energy than homes built to the 2009 International Energy Conservation Code, according to the U.S. Environmental Protection Agency, which oversees the system.But using less energy is just the beginning. Green certification programs like the National Green Building Standard (NGBS) or Leadership in Energy & Environmental Design (LEED) go even further, with strict standards for indoor air quality, greenhouse gas emissions and water conservation, among other things.

Although energy conservation might…

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