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.”
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