Western Title's Market Report

Reno, NV

Condos/Townhomes

Our Strength is Our People



Reno, NV

Mon Jun 17 2019
This week the median list price for Reno, NV is $284,500 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has held steady at or around 162. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Reno, NV

Mon Jun 17 2019
This week the median list price for Reno, NV is $284,500 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has held steady at or around 162. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Reno market.
Median List Price $284,500
Per Square Foot $222
Days on Market 54
Price Decreased 35%
Price Increased 6%
Relisted 4%
Inventory 162
Median Apartment Rent $1,198
Most Expensive $789,000
Least Expensive $94,900
Market Action Index
Strong Seller's Market
47

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
$432,000 1,935 0 - 4,500 sqft 3 2 21 5 1 52
$319,500 1,482 0 - 4,500 sqft 2 2 13 4 7 60
$250,000 930 0 - 4,500 sqft 2 1 41 5 4 50
$169,000 833 0 - 4,500 sqft 2 1 41 11 9 54