At MyRenoSparksRealEstate.com, we want to be your resource for all things real estate. Here is what is going on in today's local market.
Homeowners have historically remained in their homes an average of six to seven years, however in 2014, research showed that time has increased to 10 years, according to Dave Hansen, 2015 president RSAR. This has created a lack of inventory within the Reno-Sparks market for existing-home sales. Many would-be sellers have stayed put because they are nervous about leaving their low interest mortgage rates, and they also have been waiting for a spike in the value of their homes.
Median Reno-Sparks Sales Price
- February 2015 median price was up 5.2% to $265,000 compared to $252,000 in January 2015 and