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March Market Update 2024

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.

 
The Reade Group | RE/MAX Gold - Midtown
Meka Reade
1401 South Virginia St, Suite 100
Reno, NV 89502
775-813-7271

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