RENO, Nev. – The Reno/Sparks Association of REALTORS® (RSAR) today released its November 2019 report on existing home sales in Reno, Sparks and Fernley, including median sales price and number of home sales in the region. RSAR obtains its information from the Northern Nevada Regional Multiple Listing Service (www.nnrmls.com).
During November 2019, the report showed Reno-Sparks had 435 sales of existing single-family homes; a decrease of 7 percent from November 2018 and a 23 percent decrease from one month ago, October 2019. The report listed the median sales price for an existing single-family residence in Reno-Sparks in November 2019 at $400,000; a 6 percent increase from November 2018 and no change from October 2019. All sales numbers are for existing “stick built single-family dwellings” only and do not include condominium, townhome, manufactured, modular or newly constructed homes. The median sales price of existing condominium/townhomes in Reno-Sparks in November 2019 was $230,700; a 30 percent increase from a year ago.
In November 2019, Reno (including North Valleys) had 311 sales of existing single-family homes; a decrease of 5 percent from last year and a 26 percent decrease from the previous month. The median sales price in Reno for an existing single-family residence in November 2019 was $413,405; a 4 percent increase from November 2018, and less than one percent decrease from October 2019. All sales numbers are for existing “stick built single-family dwellings” only and do not include condominium, townhome, manufactured, modular or newly constructed homes. The existing condominium/townhome median sales price for November 2019 in Reno was $257,000; a 50 percent increase from last year.
Sparks (including Spanish Springs) experienced 124 sales of existing single-family homes in November 2019; a 12 percent decrease from November 2018 and a 13 percent decrease from October 2019. The Sparks median sales price for an existing single-family residence in October 2019 was $370,000; a 3 percent increase from November 2018 and a 2 percent increase from October 2019. All sales numbers are for existing “stick built single-family dwellings” only and do not include condominium, townhome, manufactured, modular or newly constructed homes. The existing condominium/townhome median sales price for November 2019 in Sparks was $215,000; a 16 percent increase from last year.
The November 2019 report indicated that Fernley had 46 sales of existing single-family homes, an increase of 5 percent from November 2018 and a 10 percent decrease from October 2019. The median sales price in Fernley for an existing single-family residence in November 2019 was $273,250; a 4 percent increase from November 2018, and a 4 percent increase from last month. All sales numbers are for existing “stick built single-family dwellings” only and do not include condominium, townhome, manufactured, modular or newly constructed homes.
“While the median price remained unchanged between October and November, Reno/Sparks is in line with the national average of about 4.5 percent increase year over year,” said REALTOR® Angelica Reyes, 2019 RSAR president and managing broker for The Right Choice Realty.
The Reno/Sparks Association of REALTORS® is an organization providing services to its members to ensure their success as real estate professionals, as well as protecting and promoting the consumer’s dream of homeownership. For more information visit www.rsar.net.
###
