Reno-Sparks Association of Realtors (RSAR) – Monthly Market Report
The Reno/Sparks Association of REALTORS® (RSAR) has released its Reno-Sparks Market Report for September 2018. See the full report.
After setting record highs in July of $389,000 the median price of resale homes have pulled back significantly in September to $370,000.
“We are seeing a leveling trend or a “shift” toward a buyers’ market, inventory levels are increasing, prices are decreasing and unit sales are down -22% from August and down -28% compared to September 2017. Increasing inventory is a good sign that we are moving more toward a “balanced” market."