RSAR releases March home sales report

Courtesy
The Reno/Sparks Association of Realtors reported the median sales price reached $575,000 in March.

Courtesy The Reno/Sparks Association of Realtors reported the median sales price reached $575,000 in March.

 The Reno/Sparks Association of Realtors reported the median sales price reached $575,000 in March.

RSAR’s March 2022 sales report said that $575,000 price in Reno/Sparks was an increase of 2.9 percent over February’s figure.

The April 6 report said homes were under contract an average of five days after they were listed for sale, but inventory rose by 17 percent from February.

“With the start of the spring selling season, we saw a noticeable uptick in new listings and a larger inventory of homes for sale. This may be a signal that our market is returning to a more balanced position,” said Sarah Scattini, president of the Reno/Sparks Association of Realtors.

Reno/Sparks
• In March 2022, Reno/Sparks had 488 sales of existing single-family homes, a decrease of 2.7 percent from last year and a 29.8 percent increase from the previous month.
• The median sales price for an existing single-family residence in Reno/Sparks was $575,000, an increase of 19.8 percent from last year and a 2.9 percent increase from the previous month.
The median sales price of an existing condominium/townhome in Reno/Sparks in March 2022 was $300,000, an increase of 21 percent from last year.


Reno (including North Valleys)
• In March, Reno (including North Valleys) had 335 sales of existing single-family homes, an increase of 9.8 percent from last year and a 27.4 percent increase from the previous month.
The median sales price for an existing single-family residence was $600,000, an increase of 17.9 percent from last year and a 3.4 percent increase from the previous month.
• The existing condominium/townhome median sales price in March 2022 was $306,250, an increase of 22 percent from last year.


Sparks (including Spanish Springs)
• In March, Sparks (including Spanish Springs) had 153 sales of existing single-family homes, a decrease of 10 percent from last year and 35.4 percent increase from the previous month.
The median sales price for an existing single-family residence was $550,000, an increase of 23.1 percent from last year and a 7.8 percent increase from the previous month.
• The existing condominium/townhome median sales price for March was $297,500, an increase of 24.5 percent from last year.


Fernley
• In March, Fernley had 67 sales of existing single-family homes, a 13.6 percent increase from last year and a 39.6 percent increase from the previous month.
• The median sales price for an existing single-family residence was $390,000, an increase of 21.9 percent from last year and a 2.1 percent increase from the previous month.
RSAR obtains its information from the Northern Nevada Regional Multiple Listing Service.
For information, www.rsar.net.

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