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Real Estate Market Update and Graphs

This week national real estate news has indicated a more optimistic outlook than previous weeks.  On May 4th Zillow Forecasts a Dip in Home Prices, Rebounding By Next Year.  In summary, this forecast predicts a 2 to 3% drop in prices through the end of 2020, followed by a slow recovery through 2021 with prices Read More …

Number of Closed Sales Week Ending April 18th, 2020

As expected, the volume of closed transactions has dropped off during COVID-19 restrictions.  While down a little over 30% year over year, we did see an increase over the previous week. Week ending 4/18/2020 we closed 98 real estate transactions in Reno and Sparks, Nevada.  This represents almost 9% increase over the previous week, but Read More …

Weekly Median Price Increases 7.9%

With lots of uncertainty and justified concern about the state of our economy and the impact on our local real estate market, accurate unbiased data is important in order to to have an informed and accurate understanding of our local market. For our week ending 4/18/2020 our median sales price for Reno and Sparks, Single Read More …

Happy Easter

Wishing everyone a Happy Easter!  Hoping you enjoy a day at home together with family….safe and healthy. Take Care, Robert

Week Ending 4/4/20 Market Conditions

How is the Reno Sparks Real Estate Market holding up with COVID-19 restrictions?  See below for Median Sales Price and Closed Sales data for week ending April 4th, 2020