October 2023 Reno-Sparks Real Estate Market Update
The video below outlines stats and trends for the Reno-Sparks real estate market for October 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 October 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.
Interest Rates over the last 30 years
The median sale price was $562,500 at the end of September 2023. This is up slightly from August, and is up 5.1% this time last year.
New listings in the Reno-Sparks area have decreased 21.6% from August to September, and remains 26.2% down from the previous year.
Sold homes reached 420 for the month of September, down 12.9% from August and down 19.1% from September 2022.
The active inventory of homes in September reached 947, down 1.4% from August. This is down 38.5% from September 2022.
The months supply for September 2023 reached 2.3. This is up 13.2% from August, and down 24% from September 2022