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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