Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

August 2017 Reno Sparks Market Report
In good news, the August 2017 Reno Sparks Market Report indicated a decrease in the median sale price. Unfortunately, inventory tightened up even more. The area remains firmly in the Seller's favor.
August 2017 Reno Sparks Market ReportTotal Reno Sparks Sales in August 2017According to the Reno Sparks Association of REALTORS@, a total of 678 Reno Sparks homes were sold in August 2017. That was 13.8% higher than the same time last year and 6.4% higher than July 2017.
New Reno Sparks Inventory for August 2017Inventory continues to be an issue for Reno Sparks Buyers. While new listings decreased from last year, they actually went up from the previous month. In August 2016, 814 new listings hit the Reno Sparks real estate market. In August 2017, that number decreased by 11.9% to 717. On the other hand, this showed a 9.5% uptick from July's 655. It's difficult to determine whether this upward trend will continue since June 2017 showed 835 new listings. We'll have to wait to see.
The total supply of inventory in the last 12 months dropped from a high of three months back in October 2016 to a low of 1.5 months in August 2017. That's almost half of the 2.8 ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention