Fri Dec 06 2019
This week the median list price for Reno, NV is $264,945 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 158.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$264,945|
|Per Square Foot||$206|
|Days on Market||64|
|Slight Seller's Advantage|
Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$405,000||1,860||0 - 4,500 sqft||3||2||16||2||6||100|
|$301,995||1,476||0 - 4,500 sqft||2||2||16||7||7||51|
|$228,250||959||0 - 4,500 sqft||2||1||40||6||8||66|
|$155,000||805||0 - 4,500 sqft||2||1||40||7||7||37|