Reno and Sparks, Nevada Market Report May 2013.  If you are looking to buy or sell a home, read the report for statistics on sales, new listings and median price. Summary The May median sales price is at 2003 levels.  In May 2003, interest rates were 5.48% compared to today's average interest rate of 3.54%, which for the current median price saves home buyers $230 per month with 5 percent down on a 30 year fixed loan.  With low inventory levels, we anticipate this trend to continue at least through the end … [Read more...]

Reno/Sparks Homes and Real Estate Report, All the information you need!                          Bartley Ranch, Reno, Nevada March 2012 sales are the second highest in the history of the MLS and were exceeded by the boom year in 2005. Although the volume of bank owned listings has declined, they have been replaced by traditional or equity sellers in the market.  This trend may be caused by investors who are seeing Reno/Sparks entering a seller's market and see this as an opportune … [Read more...]