January 2022 Reno Sparks Real Estate Market Update

The video below outlines the Reno real estate market for January 2022. It also covers the Sparks Real Estate Market for January 2022.

The number of houses on the market for sale (inventory) is historically low, interest rates are at a fresh 52 week high, 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 $545,000 at the end of December.

Inventory remains at low levels across Reno and Sparks. Inventory levels are down 36.4% in December from November.

New real estate listings in Reno for December stood at 295 which is down 22.2% from November and down 9.2% from December 2020.

Sold homes are at 520 for the month down 4.6% from November and down 6.3%% from November 2020.

Reno Real Estate Inventory supply remains at historically low levels. Down 33.3% from November 2021 but up .3% from December 2020.