Market Report – DOM and Median Price – Reno/Sparks Home. It has never been so important. And, the strong demand for housing in the Reno/Sparks region is proving this statement true. “Median” means “in the middle”, so half of homes sold for more and half sold for less. According to the Reno-Sparks Association of REALTORS,…
Is the Economic Recovery Beating All Projections? Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to…
The report below will be sent automatically on Friday at 4:00pm, from you, to any of your Leads and Contacts that have been added to the “Market Report – Active Vs. Sold – Reno/Sparks” list in Boston Logic. You only have to add your people to this list once, and future Active Vs. Sold report emails will be sent to…
One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year. He’s also predicting home sales to increase by 8-12% next year. There’s strong evidence that he will be right. ShowingTime, a leading…
Our local housing market is hot, right along with the end of the summer weather. Here are the latest statistics for the single-family home market in the Reno/Sparks area: Days or Months of Inventory is the amount of time it would take to exhaust all available homes for sale if no additional homes came…