June 2024 Reno-Sparks Real Estate Market Update
The video below outlines stats and trends for the Reno-Sparks real estate market for June 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 June 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 $585,000 at the end of May 2024. This is up slightly from April, and is up 6.4% this time last year.
New listings in the Reno-Sparks area have increased 16.4% from April to May, and is 2.4% up from the previous year.
Sold homes reached 464 for the month of May, up 8.7% from April and up 1.1% from May 2023.
The active inventory of homes in May reached 702, up 9.7% from April. This is down 15.6% from May 2023.
The total of unsold listings in May reached 79. This is up 64.6% from April and up 43.6% from May of 2023.