First Centennial Title Market Report

Reno, NV

Single-Family Homes

Reno/Sparks: 775-689-8510 | Carson/Douglas: 775-841-6580 | Incline: 775-831-8200



Reno, NV

Tue Feb 20 2018
This week the median list price for undefined is $441,497 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 836. 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

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Reno, NV

Tue Feb 20 2018
This week the median list price for undefined is $441,497 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 836. 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

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Reno market.
Median List Price $441,497
Per Square Foot $215
Days on Market 113
Price Decreased 23%
Price Increased 6%
Relisted 6%
Inventory 836
Median House Rent $1,700
Most Expensive $13,900,000
Least Expensive $5,250
Market Action Index
Slight Seller's Advantage
35

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
$1,074,000 4,243 0.5 - 1 acre 4 4 17 14 7 227
$535,000 2,670 0.25 - 0.5 acre 4 3 17 30 19 79
$382,995 1,952 6,500 - 8,000 sqft 3 2 15 17 15 63
$275,000 1,402 6,500 - 8,000 sqft 3 2 31 22 21 83