RENO, Nev. (News 4 & Fox 11) — The median price for a house in the Reno-Sparks area rose slightly in April despite the coronavirus pandemic, according to the Reno/Sparks Association of REALTORS monthly report.
The report showed that while the number of homes sold decreased due to stay-at-home orders, accepted offers were within 98.8 percent of asking price.
RSAR said the numbers indicated that property values remain strong.
“Real estate agents have adapted to the necessary Stay at Home for Nevada directives by increasing the use of virtual showings of homes in April. Currently, there are 457 active listings in the Reno-Sparks area providing virtual tours to potential buyers,” said Erika Lamb, President of the Reno/Sparks Association of REALTORS. “People are continuing to buy and sell homes in Nevada and it’s our goal to ensure they do so safely.”
The Association released a Coronavirus Advisory for clients to maintain social distancing guidelines while viewing or selling property.