Wednesday, March 09, 2016

In the real estate industry, we’ve been talking about low levels of inventory for many months now. But what does that mean? The National Association of REALTORS considers 5 to 6 months of inventory a healthy market, where neither buyers nor sellers have a distinct advantage. We have studied our Reno/Sparks housing market by price range, and see a strong seller’s market in homes priced below $600,000. For homes priced below $300,000 there is less than one month of inventory at just 23 DAYS! For homes in the range of $300,001-$600,000, inventory is just 56 days, or just under two months. These price ranges make up 95% of the sales in our region.

However, in the price ranges above $600,000 we have a greater inventory of available homes, and with that, we see a shift to more of a buyer’s market. The months of inventory for properties in the $600,001 to $900,000 range sits right at 5.0 months. In the price range $900,000 to $1,500,000, the trend continues to 9.6 months. And, for homes priced over $1,500,000, we have a 28 month supply.

If you’re in the market to purchase a home in the under $600,000 price ranges, you will want to work closely with your agent and your lender to give you the best chance of having your purchase offer accepted by a seller.

If you are selling in these price ranges, I can help you price your home correctly and help negotiate the best deal on the sale of your home.

As a Dickson Realty agent, I have the experience, the tools and the technology to stay on top of the market. That will help you buy or sell at the right price.

I hope this information is useful to you in your decision making process for buying or selling a home. Please contact me for more market statistics or market information.

I have been helping families buy and sell homes in the Reno/Sparks area for over 18 years.  It is vital that you have a solid, well respected, and seasoned Realtor on your team when you are looking to buy or sell a home.  Please call me today and let's have a conversation about the market and how you can take advantage of our increasing values and low interest rates.

Contact me for all of your Real Estate needs at 775-762-7653 or


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