December 2021 Reno Sparks Real Estate Market Update

The video below outlines the Reno real estate market for December 2021. It also covers the Sparks Real Estate Market for December 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 $535,000 at the end of November.

Inventory remains at low levels across Reno and Sparks. Inventory levels are down 32% in November from October.

New real estate listings in Reno for November stood at 370 which is down 39.7% from October and down 6.6% from November 2020.

Sold homes are at 530 for the month down 6.5% from October and down 12.2% from November 2020.

Reno Real Estate Inventory supply remains at historically low levels. Down 27.3% from October 2021 but up 13.9% from November 2020.