July 2024 Reno-Sparks Real Estate Market Update

The video below outlines stats and trends for the Reno-Sparks real estate market for July 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 July 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

Mortgage Rates for June reached 6.9%, up from May. This is also up 6.7% from June 2023

The median sale price was $554,957 at the end of June 2024. This is up slightly from May, and is down from this time last year.

New listings in the Reno-Sparks area reached 689. This is down from the previous year.

Sold homes reached 480 for the month of June, up from May and down from June 2023.

The active inventory of homes in June reached 1,133, up from May. This is down from June 2023.