Hey, it’s Max Sabo here with Haute Properties.

In July, 372 homes sold in Reno, with a median sales price of $555,000. This is down from the previous month, but still solid considering seasonal shifts.

We had 1,583 active listings on the market, offering buyers a wide selection. Homes averaged 79.6 days on market, a slight improvement in pace from June, and sellers received about 96.3% of their original list price. Inventory crept up just a bit to 4.95 months.

The key takeaway? Homes that show well and are priced correctly are still selling fast, while overpricing is leading to longer market times and needed reductions.

If you’re thinking about buying or selling, let’s strategize to make sure you’re getting ahead of the curve.

William “Max” Sabo

NV Lic# BS.143873

Haute Properties NV