December 2018 Market Report by Reno Sparks Association of Realtors

Posted by Jenna Heisser on Friday, January 11th, 2019 at 1:33pm.

 

The Reno Market is still at a seller’s market,” said Angelica Reyes, 2018 RSAR president. “The inventory levels are gradually increasing, and prices are slowly falling, which is a good sign for future buyers.”

  • During December 2018, the report showed Reno/Sparks had 373 sales of existing single-family homes; a decrease of 20 percent from November 2018 and a decrease of 24 percent from December 2017.
  • The median sales price for an existing single family residence in Reno/Sparks in December 2018 at $362,000; a 5 percent increase from last year and a 4 percent decrease from the previous month.
  • The median sales price of existing condominium/townhomes in Reno/Sparks in December 2018 was $199,650; an increase of 20 percent from last year
  • In December 2018, Reno (including North Valleys) had 248 sales of existing single family homes; a decrease of 29 percent from last year and a 24 percent decrease from November 2018.
  • The median sales price in Reno for an existing single family residence in December 2018 was $377,500; an increase of 9 percent from December 2017and a 4 percent decrease from the previous month
  • The existing condominium/townhome median sales price for December 2018 in Reno was $212,000; an increase of 15 percent from last year.
  • Sparks (including Spanish Springs) had 125 sales of existing single family homes in December 2018; a decrease of 14 percent from last year and a 11 percent decrease from the previous month.
  • The Sparks median sales price for an existing single family residence in December 2018 was $345,000; an increase of 1 percent from last year and a 4 percent decrease from the previous month
  • The existing condominium/townhome median sales price for December 2018 in Sparks was $184,000; an increase of 19 percent from last year.
  • The Reno Market is still at a seller’s market,” said Angelica Reyes, 2018 RSAR president. “The inventory levels are gradually increasing, and prices are slowly falling, which is a good sign for future buyers.”

Price Per Sq Ft

Active InventoryNumber of Units sold

New ListingsMonths Supply

PPF By Area

 

Please Feel Free to Print or Share this Info Below!

What is Your Home Worth?

Leave a Comment

Format example: you@domain.com
Format example: yourwebsitename.com

Sign up for email updates