Get To The Point with John Graham, Immediate Past President of the Reno-Sparks Association of REALTORS as he shares insights on the real estate performance and trends in Northern Nevada. In this month’s report, we examine the new info-graphic tool available in Market Insights. We also look at the effect the slowing real estate market is having on the overall economy. To the Point is Sponsored by the Reno/Sparks Association of REALTORS. Don’t miss an episode. subscribe to our channel. This data is accurate to the best knowledge of RSAR based on data reported to the NNRMLS as of September 30, 2018. Charts and graphs created by North Leaf Solutions under license of RSAR Produced by Carls Videomations.
Get To The Point with Doug McIntyre, President of the Reno-Sparks Association of REALTORS as he shares insights on the real estate performance and trends in Northern Nevada. In this month’s report, we look at how increasing inventory will affect the market. We also go on location with Angelica Reyes and Oscar Delgado and learn that is new and exciting in the Reno area.
“The Washoe County median price is at $389,000, which is up 10 percent compared to July 2017,” said Doug McIntyre, 2018 RSAR President. “This is a record high median price for the Reno/Sparks market. When you factor in pricing with the seasonal trend, I would anticipate that unit sales numbers may not reach 2017 levels.” Click here for “To The Point”.
Just about everyone’s heard of the hordes of harried home buyers competing for a limited number of homes on the market. But in spite of the bidding wars that knock out so many would-be buyers, the home ownership rate is once again ticking up.
The annual home ownership rate hit about 63.9% in 2017—up from about 63.4% a year earlier, according to a recent U.S. Census Bureau report. The last time it went up was from 2003 to 2004. (Realtor.com)
(Realtor.com® averaged the Census’ quarterly rates to come up with the annual numbers.)
Please click here to view the full report from Realtor.com.