November 2023 Reno-Sparks Real Estate Market Update
The video below outlines stats and trends for the Reno-Sparks real estate market for November 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 November 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 $580,500 at the end of October 2023. This is up slightly from September, and is up 8.4% this time last year.
New listings in the Reno-Sparks area have decreased 11% from September to October, and remains 8.5% down from the previous year.
Sold homes reached 384 for the month of October, down 9.2% from September and down 6.6% from October 2022.
The active inventory of homes in September reached 937, down 5.7% from September. This is down 34.3% from October 2022.
The months supply for October 2023 reached 2.4. This is up 3.8% from September, and down 29.7% from October 2022
Closed Sales for 2023 has reached 4,152, down 17.2% from 2022 which was a total of 5,014.