December 2023 Reno-Sparks Real Estate Market Update
The video below outlines stats and trends for the Reno-Sparks real estate market for December 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 December 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 $551,500 at the end of November 2023. This is up slightly from October, and is down 4.2% this time last year.
New listings in the Reno-Sparks area have decreased 28.6% from October to November, and remains 3.2% down from the previous year.
Sold homes reached 360 for the month of November, down 7% from October and down 9.1% from November 2022.
The active inventory of homes in November reached 805, down 16.2% from October. This is down 33.5% from November 2022.
The months supply for November 2023 reached 2.2. This is down 10% from October, and down 26.9% from November 2022
Closed Sales for November 2023 has reached 360, down 7% from October and down 9.1% from October 2022.