“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.