Reno-Tahoe Market Update | March 2020

Reno-Tahoe real estate posted yet another strong month for closed transactions in February 2020. While the momentum in the local market is undeniable, closed transactions are generally a lagging indicator of economic conditions given that most deals are consummated 30-60 days prior. As such, the impact of recent economic events will not be quantifiable for…

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Reno-Tahoe Market Update | February 2020

Reno-Tahoe real estate has begun the decade with torrent, bucking the seasonal malaise characteristic of the year’s early months. There were 746 closed residential transactions year-to-date, which is more typical of an early Q2 result for the local market, topping January, 2019 by 10%. Moreover, the median price of $358,787 exceeds the same month a…

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Benna Mountain Luxury Real Estate Reno Tahoe Market Update

Reno-Tahoe Market Update | January 2020

‘Tis the season for retrospective analysis and what a year it was.  Using the combination of market forces that have propelled the Reno-Tahoe market in post-recession years, local real estate surged to highest-ever results in total transaction volume, pricing and luxury sales. Total real estate volume surpassed $5 billion for the first time in recorded…

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Reno-Tahoe Market Update | December 2019

Real estate activity in the Reno region has been riding an unseasonably busy wave heading into the final months of the year. Late Q4 / early Q1 is typically when the local market bottom’s out as inventory wanes and consumer attention is focused on holidays, school and other fundamental pursuits. As such, 418 single-family transactions…

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Reno Tahoe Market Update November 2019

Reno-Tahoe Market Update | November 2019

In a time where market conditions seem unable to determine a sustainable trajectory, the performance of Reno real estate over the last 30 days has been…. average. The average price of a single-family home held steady at $404,975 while the number of sales fell 7% to 561 from the same period a year ago. Active…

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Reno-Tahoe Market Update | September

Following national trends, real estate throughout the Reno area continues to be historically robust while slightly lagging the performance of recent years. The past 30 days saw 563 transactions, trending just 1.6% below the same period last year. Median price slumped 2% from last month’s record $400,000 while still posting a 7% gain year-over-year. Fewer…

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Reno-Tahoe Market Update | August

Evaluating the many factors that drive supply and demand for Reno real estate reveal many of the market drivers we observe on a daily basis.  Job creation is among the highest in the nation, while unemployment is historically low. The influx of business has fueled major migration to the region while creating a high-income stratum…

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Reno-Tahoe Market Update | July

Reno real estate has taken flight in the last 30 days as conditions both seasonal and economic have aligned. The number of residential transactions completed has exploded improving 13% over the same period a year ago and riding a seasonal wave improving by 22% over the prior month. This velocity is balanced by an influx…

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Reno-Tahoe Market Update | June

The resurgence of real estate activity in Reno ramped up significant through May, 2019 with significant improvement in nearly every metric. The total number of transactions saw its typical seasonal bump with a 13% increase month-over-month but a meaningful 5.5% jump when measured against the same period the year prior. Median home price ticked up…

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Reno-Tahoe Market Update | May

With spring, real estate activity has been reborn in the greater Reno area. After a period of flat or slightly diminished growth over the most recent 6 months, most real estate metrics have shown upticks in the last 30 days. The total number of residential sales has risen nearly 5% from this time a year…

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