Reno/ Sparks January Market Report
The median price at $277,000 was down 5% from December 2015 and up 9% from January 2015.
January new listings are up 24% at 445 compared to December 2015 and up less than 1% from January 2015.
The Reno market remains in a seller’s market at 3.6 months supply of inventory.
Month’s supply of inventory is the time it would take to exhaust the active and pending inventory at the current rate of sales.