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February 2025 Real Estate Market Update
February 3, 2025The Reno–Tahoe region had a strong start to 2025, with transaction volume increasing by 15% compared to January in each of the past two years. While this period is typically one of the slowest for real estate activity, this growth signals a promising outlook for the year ahead.
January 2025 Real Estate Market Update
January 6, 2025In the ever-evolving landscape of the Reno, Nevada, real estate market, 2024 stands as a testament to resilience and growth amid shifting economic conditions. The annualized data showcases a remarkable journey of recovery and transformation over the last two decades, framing the context for the current market dynamics.
December 2024 Real Estate Market Update
December 5, 2024In November 2024, the Reno-Tahoe real estate market demonstrated notable steadiness, mirroring broader economic trends observed throughout the year. While the total number of transactions fell slightly below the historical average, the market's consistency was evident, with metrics such as sales volume and activity across price brackets remaining relatively stable despite economic headwinds.
November 2024 Real Estate Market Update
November 4, 2024In October 2024, Reno's real estate market exhibited notable strength with 1,290 active listings and 332 homes sold, generating a volume of $252.9 million and an average price of $761,648.
July 2024 Real Estate Market Update
July 8, 2024The real estate market in the Reno-Tahoe area has shown remarkable growth and resilience in the first half of 2024. When comparing the market's performance with recent years, it becomes evident that 2024 continues the trend of increasing property values, despite fluctuations in sales volume.
June 2024 Real Estate Market Update
June 5, 2024Reno – Tahoe real estate is experiencing strong seasonal activity as above-average winter conditions recede. A surge on new inventory in April gave way to the most prolific month for real estate closings in 10 months. 357 residential sales track near even with a year ago, but still meaningfully lags the historic average.
May 2024 Real Estate Market Update
May 8, 2024Persistent headwinds are having a dampening effect on real estate activity within the Reno Tahoe region. After having tracked evenly with 2023 productivity for the first several months of the year, the last two months have fallen behind. While the most prolific month to date of 2024, April’s 310 residential transactions lagged behind the same period by 4%.
March 2024 Real Estate Market Update
March 5, 2024Reno Tahoe real estate gained meaningful momentum in February outperforming the prior month by 30% and the same period a year ago by nearly 25%. While the total number still lags historical averages, it represents a meaningful recovery from the malaise that overtook the market for the past 18 months.
February 2024 Real Estate Market Update
February 5, 2024Real estate activity in the Reno Tahoe area began its seasonal taper in November posting 262 residential transactions. This represents a 12% decline month-over-month, a trend that is very typical for this time of year.Traditionally sales will remain steady through year end then drop meaningfully in the first two months of the year before beginning to gain momentum at the end of Q1 into Q2.
January 2024 Real Estate Market Update
January 4, 2024Real estate activity in the Reno Tahoe area began its seasonal taper in November posting 262 residential transactions. This represents a 12% decline month-over-month, a trend that is very typical for this time of year.Traditionally sales will remain steady through year end then drop meaningfully in the first two months of the year before beginning to gain momentum at the end of Q1 into Q2.
December 2023 Real Estate Market Update
December 6, 2023Real estate activity in the Reno Tahoe area began its seasonal taper in November posting 262 residential transactions. This represents a 12% decline month-over-month, a trend that is very typical for this time of year.Traditionally sales will remain steady through year end then drop meaningfully in the first two months of the year before beginning to gain momentum at the end of Q1 into Q2.
November 2023 Real Estate Market Update
November 2, 2023Seasonality plays a modest role in the rhythm of real estate activity in the Reno Tahoe region. Only in the depths of winter, during the most extreme years, does activity fade by more than a half. By comparison, the neighboring resort markets in Lake Tahoe will experience a late year surge in which the second half of any given year produces more than double the transaction volume of the first six months.
