Hi, I’m Max Sabo, your Reno and Nevada real estate agent. This is the real estate housing market update for August, 2023, covering the sales from July, 2023. This last month we saw 520 home sell, which is exactly the same number of homes we saw the month before. The main difference between this last month and the month before is that currently we have 935 active listings. The month before, we only had 880 active listings. So there’s been a slight increase in the number of homes available for sale. However, we currently only have 1.8 months worth of inventory, which is only up slightly from the month before at 1.7 months worth of inventory. Considering that six months of inventory is considered a neutral market, where neither buyers nor sellers would have an advantage, we currently just don’t have enough homes for sale, even with that slight increase we saw. In other news, home loans for a 30 year mortgage are up over 7% (avg. interest rate). However, we’re not seeing this really affect the real estate market just because there aren’t enough homes for sale. I’m Max Sabo, your Reno and Nevada real estate agent. Please give my video a thumbs up if you liked it, and I’ll see you next month. William Maxwell Sabo | Haute Properties NV | BS.143873