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What’s Been Happening in Our Market?

Friday, December 3, 2021   /   by Sandy Gabrielli

What’s Been Happening in Our Market?

Here’s a quick update on what’s happened in our real estate market.

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Today we’ll give you an update on the Reno and Fernley markets and compare September’s data to October’s.

Reno:

  • In October, the median sales price was $540,000. That’s a 1.9% increase from September.
  • We had 565 closed sales. That’s a 4.7% decrease from September.
  • We had 540 active homes and 606 new listings. Those figures are down by 14.6% and 12.6%, respectively.
  • It took about nine days to reach contract. That’s a 12.5% increase from September.
Fernley:
  • In October, the median sales price was $359,950. That’s down 2.7% from September.
  • We had 44 closed sales. That’s down 20% from September.
  • We had 77 active homes and 77 new listings. Both of those figures are up by 26.2%. It took about eight days to reach contract. That’s an 11.1% decrease from September.
If you like this video, please feel free to like, share, and follow for more updates. If you have any questions or you're considering buying or selling a home, please reach out to us. We look forward to hearing from you.


 
RE/MAX Professionals
Gabrielli Homes Team
4838 Sparks Blvd #102
Sparks, NV 89436
775-772-8097

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by Brokerage firms other than RE/MAX Professionals are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokerage. Data is deemed reliable but not guaranteed. Copyright 2022 of Northern Nevada Regional MLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by Brokerage firms other than Sandy Gabrielli - Gabrielli Homes Team / RE/MAX PROFESSIONALS are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokerage. Data is deemed reliable but not guaranteed. Copyright 2022 of Northern Nevada Regional MLS. All rights reserved.
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