Hello everyone, I’m Beau Paulsen with the Reade Real Estate Group at RE/MAX Gold and It’s time for your real estate market update of Reno, Sparks, and Carson City.
Median Sales Price: $551,000
The median sales price in our region currently stands at $551,000, reflecting a 4% decrease from last month.
Days to Contract: 35 days (Up 20% from last month)
Homes are spending a bit more time on the market, with the days to contract increasing by 20% from the previous month, now at 35 days compared to the previous 29.
Active Inventory: 805 homes (Down 16% from last month)
Looking at available options, our active inventory has tightened, with a 16% decrease from last month, currently standing at 805 homes compared to the previous 961.
Median Price per Square Foot: $303 (Down 3% from last month)
The median price per square foot is now $303, experiencing a 3% dip from last month, previously at $311.
Conclusion
Despite these shifts, the real estate market in our area remains dynamic and full of opportunities. If you have questions or are ready to make a move, reach out to me, Let’s navigate the exciting real estate landscape together. Until next time, happy house hunting!