Reno/Sparks Association of Realtors® May 2020 Market Report

Report is accessed by clicking the Realtor logo. The report shows that listings in May, 2020 are substantially lower than listings in 2019 (down 37.7%), and listings year-to-date are substantially lower in through May, 2019 (down 15.2%). Sales year-to-date are also 9.2% lower than 2019. Escrows opened year-to-date are down 7.9%. Median sales price is up 2.5% from $390,000 to $399,000 (this includes condominiums and manufactured homes).

According to RSAR statistics, we have 2.1 months of inventory, down from 2.4 months in April, 2020. Some areas within the Reno market have much lower inventory.