August 2023 Reno-Sparks Real Estate Market Update
The video below outlines stats and trends for the Reno-Sparks real estate market for August 2023
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 August 2023. 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.
Household income has decreased in recent years.
Median sales price over the last 20 years.
The median sale price was $570,000 at the end of July 2023. This is up slightly from June, and is the same as this time last year.
New listings in the Reno-Sparks area have decreased 8.2% from June to July, and remains 26.7% down from the previous year.
Sold homes reached 482 for the month of July, down 2.4% from June and up .8% from July 2022.
The active inventory of homes in July reached 856, up .2% from June. This is down 44.3% from July 2022.
The months supply for July 2023 reached 1.8. This is up 2.7% from June, and down 44.8% from July 2022