Benna Real-Estate Photo: Courtesy Ryder Homes

Reno-Tahoe Market Update | October

The Meadows is a new community under construction at the intersection of Arrowcreek and Wedge Parkway in South Reno. Photo: Courtesy Ryder Homes Real estate activity throughout Northern Nevada has been on a statistical roller coaster throughout 2019 alternating between growth and regression when stacked against the performance of recent years. From a macro-perspective, the…

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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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Reno-Tahoe Market Update | April

After several months of “normalizing” market conditions, real estate the greater Reno area sparked back to life over the last 30 days. The total number of closed transactions rose 6% to 344 from the previous month while median price continued its upward climb by 3% to $370,950. The number of days an average listing takes…

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Reno-Tahoe Market Update | March

Turbulent weather, while a boon for the region’s winter recreation, has dampened real estate activity thus far in 2019. A trend toward stabilized pricing amid reduced transaction volume was already apparent before the region experienced the wettest February on record. Hazardous road conditions are generally unfriendly toward residential real estate activity deferring would-be purchasers toward…

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Reno-Tahoe Market Update | February

After several years of meteoric appreciation and anemic inventory throughout Reno and Northern Nevada, “normal” conditions may have the feel of an underperforming market. January began 2019 in a manner that merely keeps up with previous years with median price and price per square foot nearly exactly matching the same period in 2018. Active listings…

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