If you need assistance, please call 775-813-7271

October 2023 Real Estate Market Update

Thursday, October 5, 2023   /   by Beau Paulsen

October 2023 Real Estate Market Update

Beaus Header.png

It's the beginning of October and I'm thrilled to share the latest real estate market update. Check out the highlights below:

  • Median Sales Price: $560,000 (just a tad lower than last month's $570,000).
  • Closed Sales: 479 (a slight 1.8% dip compared to the previous month).
  • Active Inventory: We're holding steady at 917 homes, which is about the same as last month.
  • Days to Contract: The days to contract have gone up to 20 days, marking a 5% increase from last month.
  • Median Price per Square Foot: This one's on the rise too, up by 2% to now sit at $312.

It looks like there are still plenty of fantastic options out there for potential buyers. If you have any questions or need more details, don't hesitate to reach out. I'm here to help!


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

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by Brokerage firms other than Meka Reade - Re/Max Gold are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokerage. Data is deemed reliable but not guaranteed. Copyright 2024 of Northern Nevada Regional MLS. All rights reserved.
This site powered by CINC: www.cincpro.com