RENO, Nev. (KOLO) — The Reno/Sparks Association of Realtors released the March 2020 market report.
When compared to March 2019 new listings jumped 1.3 percent to 627, single-family homes sales increased 9.6 percent with 502 units sold, and the median price increased 12.5 percent leveling off at at $415,000.
Scroll to the bottom of this online report for a more complete breakdown of the numbers for the Reno/Sparks and Fernley markets.
Global Real Estate Advisor for Sierra Sotheby’s International Realty Dave Johnson says the strong housing market numbers in northern Nevada amid the COVID-19 pandemic tells a deeper story, “The fundamentals of real estate are quite strong and we still have quite a lack of inventory so the demand is still there.”
The biggest change for the real estate industry is the process, but especially for agents.
“Working from home a lot now has been challenging with a near 3-year-old and an infant and a wife at home. It’s sometimes hard being on those zoom meetings and you’re trying to pay attention and you’ve got screaming right above you that’s been challenging,” Johnson said with a smile.