January 2024 Reno-Sparks Real Estate Market Update
The video below outlines stats and trends for the Reno-Sparks real estate market for January 2024.
Are you curious about the state of the real estate market in Reno, NV this month? Check out this update on the latest trends and statistics for January 2024. From housing inventory to median home prices, we cover everything you need to know about buying or selling a home in the Reno-Sparks area. Whether you're a first-time homebuyer or a seasoned investor, this video is a must-watch. Contact Assist2Sell today to learn more about how we can help you navigate the Reno real estate market with confidence.
Interest Rates over the last 30 years
The median sale price was $550,500 at the end of December 2023. This is up slightly from November, and is up 6.5% this time last year.
New listings in the Reno-Sparks area have decreased 26.2% from November to December, and remains 20.3% down from the previous year.
Sold homes reached 306 for the month of December, down 16.2% from November and down 15.2% from December 2022.
The active inventory of homes in December reached 662, down 21.9% from November. This is down 35% from December 2022.
Closed Sales for December 2023 has reached 306, down 16.2% from November and down 15.2% from November 2022.