January 2016 Market Report for Reno/Sparks

It seems that the housing market is off to a solid start for 2016, even in our slowest month of the year. Even though sales are down 25% from December, they are up 3% from January of the previous year. Median home prices are currently down to $277,000 from $290,000 in December. All these numbers are positives from last year at this time and we should continue to see growth throughout the year. I expect a good year for the housing market in our area despite the national concerns of the stock market and interest rate hike. With the growth of our area, our housing market will reflect these changes and show the prosperity and bright future Reno is looking towards.

Follow the link below for more information and complete graphs:
http://rsar.realtor/docs/default-source/2016MarketReports/jnauary2016marketreport.pdf?sfvrsn=2

Watch the video below for a complete summary of the January Market Condition:

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Author: Jered Lehman

REALTOR

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