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March 2018

Found 1 blog entry for March 2018.

The Reno/Sparks home market is ridiculous, and everyone knows it. If you’re a seller, your house is sold over the weekend. If you’re a buyer, in some cases you have to endure your agents writing 20 or more offers before yours finally gets accepted.

Now we’re getting to a place where inventory has gotten so tight, would-be sellers who’d love to sell can’t because they don’t know where they’d move to. So what’s going on? Let’s look at the numbers: 

  •  January Median at $360,000 is up 4% from December 2017, up 19% from a year ago
  • January Unit sales at 400 are down 19% from December 2017, up 19% from a year ago
  • January new listings up 51% at 470 compared to December, up 20% from one year ago
  • The January median sales price at $360,000 started
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