February 2021 Reno Sparks Real Estate Market Update

The video below outlines the Reno real estate market for February 2021. It also covers the Sparks Real Estate Market for February 2021.

The number of houses on the market for sale (inventory) is historically low, interest rates are low, and prices are up. Where do we stand now? Are we in a Seller’s market or a Buyer’s market?

Reno Sparks median home price was $446,702 at the end of January.

Inventory remains at historically low levels. Only 200 active homes for sale at the end of January

Total home sales are down 5.9% from last year

30 year mortgage interest rates remain low.