06/15/2023
๐ก๐ Reno/Sparks Monthly Market Report - May 2023 ๐๐ก
๐ Exciting May 2023 Market Report Update! ๐
๐ Hold onto your hats because the Reno/Sparks housing market is bringing some incredible news:
๐ Median Sales Price: Prices are on the rise! In May, we witnessed a 2.7% increase in median sales prices compared to April. Although there's a 9.8% decrease from last year, this recent surge indicates positive market momentum.
๐ New Listings: Get ready for more choices! May brought an impressive 17.2% surge in new listings. Despite a 32.2% decrease compared to last year, this surge presents exciting opportunities to explore a range of properties.
๐ก Homes Available for Sale: Attention home seekers! We experienced a 9.5% increase in available homes from April to May. Although there's a 12.0% decrease compared to last year, this surge means more options and increased chances of finding your dream home.
๐ Sold Homes: The market is on fire! May recorded an 11.2% increase in sold homes compared to April, showcasing strong buyer demand. While there's a 21.1% decrease from last year, this surge reflects an active and thriving market.
๐ฒ Price per SqFt: Celebrate the value in the market! May showed a modest 0.3% increase in price per square foot. Although there's a 12.2% decrease from last year, this presents an opportunity for buyers to find favorable pricing and make the most of their investments.
๐ The Reno/Sparks real estate market is filled with excitement and potential! ๐
Contact me for a personalized analysis, and let's navigate this thriving market together. As your trusted real estate expert, I'm here to guide you towards success and help you make informed decisions.
Call me today at 775-250-8189 ๐ฑ
[email protected]๐ง
kendeebartolome.ferrari-lund.com๐ป