Tagged : market update

Found 11 blog entries tagged as "market update".

“The Washoe County median price is at $389,000, which is up 10 percent compared to July 2017,” said Doug McIntyre, 2018 RSAR President. “This is a record high median price for the Reno/Sparks market. When you factor in pricing with the seasonal trend, I would anticipate that unit sales numbers may not reach 2017 levels.”

  • The July median price at $389,000 up 2% from June and up 10% from a year ago.
  • July unit sales at 555 are down 7% from June and down 17% compared to July 2017.
  • July new listings are down 13% at 690 compared to June and up 4% from one year ago.
  • The Reno market is a seller’s market, at 2 months supply of inventory. Months supply of
    inventory is the time it would take to exhaust the active inventory at the current rate of sales.
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“The lack of inventory has been the primary driving factor for increasing prices,” said Doug McIntyre, 2018 RSAR President and REALTOR®.  “Other indicators in the market are strong. Lending practices are sound, FICO scores are holding, there’s just no inventory and that continues to drive pricing and frustrate buyers.”

  • The June median price at $385,000 is up 3% from May and up 16% from a year ago.
  • June unit sales at 572 are down less than 1% from May and down 24% compared to
    June 2017.
  • June new listings are down 4% at 754 compared to May and down 11% from one year
    ago.
  • The Reno market is a seller’s market, at 1.6 months supply of inventory. Months supply
    of inventory is the time it would take to exhaust the active inventory at the current rate
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“For the first four months of the year, year-to-date sales for 2018 were ahead of 2017,” said Doug McIntyre, 2018 RSAR President and REALTOR®. “In May, that trend came to a halt, and 2018 year-to-date sales are down 1 percent compared to the same period in 2017.”

  • The May median price at $374,000 is level with April and up 12% from a year ago.
  • May unit sales at 560 are up 14% from April and down 18% compared to May 2017.
  • May new listings are up 12% at 748 compared to April and down 9% from one year ago.
  • The Reno market is a seller’s market, at 1.4 months supply of inventory. Months supply of inventory is the time it would take to exhaust the active inventory at the current rate of sales.
  • The Washoe County median price is at $374,000.
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Conclusions for the 2018 Reno/Sparks April Market Update

“New listings in April were down 13 percent compared to April 2017. The lack of supply will likely cause monthly sales to be lower compared to the same time last year. Supply has not kept up with demand.” - Doug McIntyre, 2018 RSAR President

  • The April median price at $374,000 is down less than 1% from March and up 15% from a year ago.
  • April unit sales at 483 are down 12% from March and down 7% compared to April 2017.
  • April new listings are up 11% at 646 compared to March and down 13% from a year ago.
  • The Reno market is a seller’s market, at 1.3 months supply of inventory.
  • The April median sales price at $374,000 is down slightly from March 2017. The Reno area median sales price,
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Reno/Sparks Market Report May 2018

 

 
 

Happy May!

Montgomery Real Estate Group at Keller Williams Sparks is a local real estate brokerage specializing in selling and buying homes in 89436 and 89441 in Sparks, Wingfield and Spanish Springs. Our team of top ranked REALTORS®  are dedicated to helping home buyers and sellers from contract to closing, and exceeding our clients' expectations.

 
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Conclusions for the 2018 March Market Update

“The lack of inventory continues to drive sales price up. First quarter new listings were up 1% compared to the same period 2017,” said Doug McIntyre, 2018 RSAR President. “While this is not keeping up with demand, it’s a positive early indicator as we approach the spring selling season.”

• The March median price at $375,000 is up 2% from February and up 18% from a year ago.

• March unit sales at 528 are up 19% from February and down 6% compared to March 2017.

• March new listings are down 3% at 551 compared to February and down 20% from one year ago.

• The Reno market is a seller’s market, at 1.1 months supply of inventory. Months supply of inventory is the time it would take to exhaust the

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Reno/Sparks Market Report April 2018

 

 
 

Hello!

Montgomery Real Estate Group at Keller Williams Sparks is a local real estate brokerage specializing in selling and buying homes in 89436 and 89441 in Sparks, Wingfield and Spanish Springs. Our team of top ranked REALTORS®  are dedicated to helping home buyers and sellers from contract to closing, and exceeding our clients' expectations.

 
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Conclusions for 2018 February Market Update

• The February median price at $370,000 is up 3% from January.

• February unit sales at 429 are up 6% from January and up 11% compared to February 2017.

• February new listings are up 10% at 532 compared to January and up 3% from one year ago.

• The Reno market is a seller’s market, at 1.3 months supply of inventory. Months supply of inventory is the time it would take to exhaust the active inventory at the current rate of sales

• Looking at the broader market, the Reno/Sparks market hit a record high median price of $370,000 in February. It was twelve years ago, when median price reached its peak of $365,000 in January 2006. After a six-year recession and another six years of recovery, median

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Reno/Sparks Market Report March 2018

 

 

Montgomery Real Estate Group at Keller Williams Sparks is a local real estate brokerage specializing in selling and buying homes in 89436 and 89441 in Sparks, Wingfield and Spanish Springs. Our team of top ranked REALTORS®  are dedicated to helping home buyers and sellers from contract to closing, and exceeding our clients' expectations.

 
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Conclusions for January 2018 Market Report

 

• The January median price at $360,000 is up 4% from December 2017 and up 19% from a year ago.

• January unit sales at 400 are down 19% from December and up 10% compared to January 2017.

• January new listings are up 51% at 470 compared to December and up 20% from one year ago.

• The Reno market is a seller’s market, at 1.3 months supply of inventory. Months supply of inventory is the time it would take to exhaust the active inventory at the current rate of sales. Conclusions

• The January median sales price at $360.000 started 2018 at a near record high for a January. It was twelve years ago, when median price reached its peak of $365,000 in January 2006. Today’s market conditions are

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