Mid Year 2019 Home Sales Weaken Slightly in the Reno-Sparks-Carson Valley Markets
Posted by Lora Lashbrook — July 8, 2019
RENO, NV – The Reno-Sparks real estate market saw a small decline in sales during the first half of 2019. Overall sales volume dropped four percent and the number of homes sold dropped six percent. Million-dollar home sales stayed fairly flat with a four percent decrease from last year. The number of homes sold for under one million dollars declined by six percent.
These figures are part of a quarterly report released by Lake-Tahoe-based real estate agency, Chase International. The data compares all MLS homes sales from January 2, 2019 through June 30, 2019 to the same timeframe in 2018.
Regional median home prices saw a two percent increase to $380,000. Carson Valley home sales volume was up three percent, while median home prices rose by five percent to $430,000.
“We are seeing an increase in inventory in the last few months,” said Susan Lowe, corporate vice president of Chase International. “This is providing buyers with more options in the Reno-Sparks region.”
Condo sales saw a robust increase of 23 percent volume sold and an uptick in units sold by 13 percent. Median prices were up 16 percent to $230,000. In Carson City, condo sales were also up by 47 percent in volume sold and 11 percent in units sold. Median prices were up a whopping 21 percent to $199,450.
About Chase International
Headquartered in Lake Tahoe, Nevada since 1986, with nine offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Truckee, South Lake Tahoe, Carson Valley, Sparks and Reno) and a public relations office in London, England, Chase International and its exclusive affiliations handle a large share of the country’s property. With over 350 professional Realtors®, Chase’s agents boast an array of industry certifications and the highest volume per sales agent in the area. With a heart-centered approach to their business, Chase International successfully represents homes at all price levels. For more information about Chase International, visit ChaseInternational.com.