What is your home worth in today's market? Northern Nevada's real estate market is strong and you may have more equity than you think. The number of homes available aren't keeping up with the demand for homes. There were 462 homes active on the market and available for purchase at the end of August, which was a 17% decrease from July and a staggering 66% decrease from August 2019. Our market has had a steady decline in inventory since April, which is driving prices up and hurting affordability. 

The median sold price for single family homes in Reno/Sparks was $444,900 in July which is a 2.5% increase from July and the fourth month of consecutive increases. Year-over-year, the regional median price is up by 11.5%. 

If you would like a complimentary home valuation so you know what your home is worth in today's market, please reach out. We are highly experienced selling homes in all areas of Reno-Sparks and would be honored to assist you however we can. 

Posted by Jeff Sallan on
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