Reno Sparks Real Estate Market Statistics for July 2017

Monthly market statistics have recently been released by RSAR (Reno Sparks Association of Realtors) through July 2017.  Homeowners will be pleased to know that our median price is up to $357,500.  That is just 2% below the peak in January 2005!  Inventory conditions also are strongly in Sellers favor, with only 1.6 months of inventory on Read More …

Cost of Reno Rent Has Increased 10%…and Rising

News 4 & Fox 11 reports that “The cost of rent has increased 10 percent over the last year and is expected to rise, according to the Nevada Housing Division”. According to local Builders, the median cost of rent in Reno and Sparks is above $1,000 and expected to increase by 4% in 2017.   Read More …

Housing Shortfall is Projected for Reno Sparks Region

EDAWN (Economic Development Authority of Western Nevada) projects a significant housing shortage for our area if new housing growth doesn’t pick-up substantially.  Based on their EPIC report, new jobs will outgrow new housing by 20,000 units within the next three years.   The EPIC Report’s scenario B, which forecast for 5,400 new jobs in the Read More …