Your Reno and Fernley March Market Update

The Reno and Fernley markets are still going strong despite rising rates.

Today we’re going to give you a Reno and Fernley market update for March.

In Reno, the median sales price rose $81,000 from what it was in March 2021. In Fernley, the median sales price rose a whopping $104,000 year over year. 

Our inventory is still at a record low, and even though interest rates are rising, buyers are still flooding the market, looking for their dream homes. 

We’re still seeing cash offers, offers way over the asking price, and appraisal guarantees, which means buyers are paying above appraised value for properties.

Ensure you get top dollar for your home and trust Nevada’s No. 1 team for all your real estate needs. We have tough negotiators and a top-notch list of vendors to make sure your home looks its best. If you have any questions, feel free to call or email us. We would love to help.

 

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