Western Title's Market Report

Reno, NV

Condos/Townhomes

Our Strength is Our People



Reno, NV

Sat Aug 17 2019
This week the median list price for Reno, NV is $289,000 with the market action index hovering around 46. This is less than last month's market action index of 47. Inventory has held steady at or around 177. Click here to stay informed with the Reno market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Reno, NV

Sat Aug 17 2019
This week the median list price for Reno, NV is $289,000 with the market action index hovering around 46. This is less than last month's market action index of 47. Inventory has held steady at or around 177. Click here to stay informed with the Reno market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Reno market.
Median List Price $289,000
Per Square Foot $229
Days on Market 51
Price Decreased 31%
Price Increased 1%
Relisted 2%
Inventory 177
Median Apartment Rent $1,225
Most Expensive $1,275,000
Least Expensive $97,000
Market Action Index
Strong Seller's Market
46

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$469,900 1,828 0 - 4,500 sqft 2 2 26 6 6 62
$332,500 1,543 0 - 4,500 sqft 2 2 13 2 7 57
$257,450 1,033 0 - 4,500 sqft 2 2 20 6 6 36
$180,000 831 0 - 4,500 sqft 2 1 41 7 15 50