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The Reade Group Blog Page Blog

Tuesday, May 21, 2024   /   by Beau Paulsen

Thinking of Buying Your First Home? Join Us for a Free Workshop!

Thinking of Buying Your First Home? Join Us for a Free Workshop!

Are you considering buying your first home but feel overwhelmed by the process? Not sure where to begin? We’ve got you covered! Join The Reade Group for a comprehensive and free educational workshop designed to guide you through every step of the home buying journey.
Event Details
Date: Saturday, June 1st
Time: 10:00 AM - 12:00 PM
Location: 1401 S. Virginia St, Suite 100, Reno, NV 89502
What You’ll Learn
Step-by-Step Process of Buying a Home:
Buying a home can seem daunting, but we’ll break it down into manageable steps. From searching for the perfect property to closing the deal, you'll learn what to expect and how to prepare.
Build and Repair Your Credit:
Your credit score is a crucial factor in the home buying process. Our experts will teach you strategies to build and repair your credit, making it easier for you to secure a mortgage.
Down Payment Assistance and Pre-Qualification:
Discov! ...

Wednesday, May 15, 2024   /   by Beau Paulsen

May Market Report 2024

Monthly Real Estate Market Update for Reno, Sparks, and Carson City
Hey everyone! Welcome back to your monthly real estate market update for Reno, Sparks, and Carson City. As always, let's take a look at how this month compares to the same time last year.

Median Sales Price: This month, the median sales price is $554,000, which reflects a 3.6% increase from last year. This upward trend indicates a healthy market growth.

Closed Sales: We've witnessed a total of 424 closed sales this month, showing a modest 1.7% increase compared to the previous year. It's a promising sign of continued activity in the housing market.

Active Homes on the Market: Currently, there are 654 active homes for sale, marking a 13% decrease from last year. This decline suggests heightened competition among buyers for available properties.

Days to Contract: The average number of days to contract has risen to 12, indicating a 9.1% increase from the previous year. Homes are taking slightly longer to sell ...

Tuesday, April 2, 2024   /   by Beau Paulsen

April Market Report 2024

Your Monthly Real Estate Market Update: April Edition
Alright, folks, it's that time again for your monthly real estate market update! Let's take a deep dive into the numbers for Reno, Sparks, and Carson City, comparing this month to the same time last year.
Median Sales Price:
The median sales price is holding strong at $575,000, showcasing a robust 10% increase from this time last year.
Sold Homes:
However, we've noticed a slight dip in the number of sold homes, down by 15% to a total of 377 properties.
The inventory is tightening up significantly, with only 574 homes currently on the market. This marks a substantial 21% drop from last year.
Days on Market:
Homes are moving swiftly, spending an average of just 15 days on the market, down by 16% compared to last year.
Median Price Per Square Foot:
While the median price per square foot has seen a slight increase to $298, it's only up by 3% from last year.
That's the snapshot of the current real estate market. If; ...

Monday, March 4, 2024   /   by Beau Paulsen

March Market Update 2024

March Update 2024 

Hey everyone, it's time for your 1 minute real estate market update for Reno, Sparks, and Carson City!
Median sales price is now at $549,950, marking a solid increase of 6.8% compared to this time last year
Closed sales are up 14% compared to this time last year totaling 346 homes sold in the past month. 
Active homes on the market however have decreased by 25%, with only 557 available.
But, homes are selling faster than a year ago, with days to contract dropping by a staggering 37.5% to just 20 days!
Price per square foot has risen to $316, up by 10% compared to last year."
So in summary it is becoming a hot market out there, Whether you're buying or selling, however the volume of inventory moving is still low when compared to our previous markets 
Please Reach out to us for all your real estate needs.

Wednesday, February 7, 2024   /   by Beau Paulsen

February Market Update 2024

Hey there, real estate enthusiasts! Let's take a quick peek at how the market has fared in February 2024.
What's Changed?
Over the past month, we've seen some interesting shifts in key metrics

Median Sales Price:
The median sales price has dropped to $534,500, down almost 3% from last month.

Closed Sales: 
Closed sales have taken a bit of a hit, plunging to just 276 homes sold—a whopping 11% drop from the previous month.

Inventory Levels:
The number of homes available on the market has decreased to 607, showing a 14% decline from last month.

Days to Contract:
On a brighter note, properties are spending less time on the market before getting snapped up. The days to contract have improved, now averaging 36 days, down from 47 days in January.

Price Per Square Foot:
The price per square foot has also seen a decrease, now at $291, down by nearly 4%.

What Does This Mean?
These changes suggest a shifting landscape in the real estate market. While pric! ...
The Reade Group | RE/MAX Gold - Midtown
Meka Reade
1401 South Virginia St, Suite 100
Reno, NV 89502

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