2020 in the Reno-Sparks real estate market has been defined by very low inventory. Low supply, high demand, or both can contribute to a low inventory market. This graph focuses on supply. Listings per month have been at a three year low for both April and May—and by a significant percentage. There are not very many homes for sale which continues to be very good for sellers and very frustrating for buyers. I am experiencing multiple-offer situations several times per week, especially in the $200k to $500k single family home market.
