April 2022 Reno Sparks Real Estate Market Update

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

Mortgage Interest Rates are at highest levels in over a decade.

Reno Sparks median home price was $530,000 at the end of March.

Inventory remains at low levels across Reno and Sparks. Inventory levels are up 14.1% in March from February.

New real estate listings in Reno Sparks for March stood at 800 which is up 26.6% from February but down 7.7% from March 2021.

Sold homes are at 669 for the month up 38.2%% from February and down 2.2% from March 2021.