Hello, everyone. Welcome to your concise Real Estate Market Report covering Reno, Sparks, and Carson City.
Let’s start with the median sales price – holding steady at $570,000. No changes compared to last month, indicating stability in the market.
Next up, days to contract have increased by 30%, now at 20 days. Homes are taking slightly longer to secure a contract.
The number of homes on the market has risen by 2% to 874. This offers buyers a slightly broader selection of options.
Lastly, the price per square foot remains unchanged at $305, showing consistent pricing across the region.
In summary, the real estate market in Reno, Sparks, and Carson City maintains its stability with a consistent median sales price, though days to contract have extended slightly. The increased number of homes on the market offers more choices, and the unchanged price per square foot signifies continued pricing balance.
If you’re considering buying or selling in this market, our team is here to provide guidance and assistance. Stay informed, and stay ahead in the ever-evolving real estate landscape.
Keep an eye out for more updates, and until next time, remember that understanding the data leads to smarter decisions in the world of real estate.