Reno Sparks Real Estate Inventory – Seller’s Market for last 5 years.

MSI (Months Supply of Inventory) is an indicator used to determine Buyer or Seller Markets.  Markets with lower inventory are considered Seller Markets.  Markets with higher inventory are considered Buyer markets.  A balanced market is generally considered to be between 5 and 6 months of inventory.  The Reno-Sparks real estate market has been in a Seller’s Market condition for the last 5 years.