Reno Real Estate Report

Karen Conrad Realtor Broker Reno Nevada
Karen Conrad, Broker First Realty

Reno Real Estate Market Report

December Reno Real Estate Market Report  has been release by Reno/Sparks Association of REALTORS®.  Click the Linked below to see all December 2014 charts and real estate updates.

December Reno 2014 median price was up 0.8% to $262,000 compared to $260,000 in November 2014 and up 12.9% compared to $232,000 in December 2013.

Reno/Sparks Association of REALTORS® December Market Report 2014

Median Sales Price Reno-Sparks December 2014
Median Sales Price Reno-Sparks December 2014

My Summary:

– New listing inventory dipped to a seasonal low of 281. This is putting pressure on prices.
– December unit sales were up 7% from November. Annual sales for 2014 were down 2% or 134 units
compared to 2013 annual sales. The market has normalized.
– The December sale to listing price ratio was as 98.3% and has remained between 98% and 98.5%
– The market remains in a seller’s market at 2.7 month’s supply of inventory, the lowest in history. T
– Supply of Inventory is at a historical low. With all the job growth projected, there is a need to build new housing in Reno and vicinity!  First Realty Karen Conrad, Broker