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October 2023 Real Estate Market Update

Thursday, October 5, 2023   /   by Beau Paulsen

October 2023 Real Estate Market Update

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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!

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

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