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

Sun May 26 2019
This week the median list price for Reno, NV is $523,397 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 780. 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

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

Sun May 26 2019
This week the median list price for Reno, NV is $523,397 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 780. 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

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 $523,397
Per Square Foot $235
Days on Market 79
Price Decreased 38%
Price Increased 4%
Relisted 4%
Inventory 780
Median House Rent $1,839
Most Expensive $13,900,000
Least Expensive $125,000
Market Action Index
Slight Seller's Advantage
44

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,155,000 4,024 0.5 - 1 acre 4 3 18 23 12 142
$599,900 2,781 0.25 - 0.5 acre 4 3 16 30 15 82
$449,500 2,066 6,500 - 8,000 sqft 3 2 17 32 28 51
$334,900 1,505 6,500 - 8,000 sqft 3 2 28 44 41 41