Our local housing market has good news for buyers with another monthly increase in inventory to help meet the sustained high demand. Here are the latest statistics for the single-family home market in the Reno/Sparks area.
As of October 1st 2021, there were 541 homes available for purchase, which is an increase of 12% over last month and the sixth consecutive month of increased inventory. There was also a significant increase of 27% compared to this same time last year. Demand for homes that are coming to market is one of the biggest causes for the low inventory that we are seeing today, but the market is starting to somewhat stabilize as the demand is satisfied.
