Let’s take a look at recent median price and days on market trends for the greater Reno-Sparks area.
In September, the median price for the Reno-Sparks region was $285,000. Although this represents a 1.7% decrease from the median price in August, it is also an 18.8% increase over last year.
The average Days on Market for September 2015 was 84 days, which is the first instance the number has increased over the past six months. Prior to September, the average for days on market has been decreasing since January 2015, where it spiked at 129 days after a previous period of decline. This still clearly indicates excellent conditions for a continued seller’s market.
What does this information mean to you? Interest rates are expected to remain at historical lows for another few months. For sellers who have equity as a result of the increase in property values, the time may be right to talk to a Dickson agent.
If you are in the market to purchase, you can be one of the first to know about new listings by visiting DicksonRealty.com. Or, download our free mobile app, where we update listing information every 30 minutes, so you will have the latest information in the palm of your hand.
Trust the experts at Dickson Realty to get you the information you need, when you need it. We’ve been assisting buyers and sellers in northern Nevada for over 40 years, and we look forward to helping you.
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