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Reno-Sparks Real Estate Market Report: Latest Insights, Challenges, & Future Trends!

Written by Ken Angst REALTOR®, P.E. Nv Lic S.168655 | Dec 19, 2023 6:45:00 PM

Hey there, real estate enthusiasts! Ken Angst here, and I'm thrilled to invite you to join me on a new and exciting episode on the Angst Real Estate Team YouTube Channel. In our latest podcast, I've partnered with the knowledgeable Brian Cushing from American Financial Network to delve deep into the dynamic world of the Reno-Sparks real estate market, with a special focus on resale homes. We take a look back at November 2023, talk about what the future of the real estate market in Reno-Sparks may hold, and have some fun with a little trivia. 

Market Insights Unveiled:

Get ready for an insider's look at the market as we dissect the median sale price, currently standing at $555,000. Join me as I guide you through the nuanced month-to-month changes and highlight a noteworthy 1% year-over-year increase, providing a comprehensive snapshot of the local real estate scene.

Challenges on the Horizon for Buyers:

Discover the hurdles potential buyers grapple with due to the ongoing low inventory. Uncover the impact of a significant drop in new listings, contributing to the fiercely competitive nature of the market. 

Crystal Ball Gazing: Future Trends and Speculations:

Tune in to hear my insights on the potential increase in inventory in the upcoming months. We'll also explore the exciting possibility of lower interest rates and discuss how they could potentially shape the future of the Reno-Sparks real estate market.

Bonus Segment Alert: Lake Tahoe Trivia Quiz!

But wait, there's more! Join us as we switch gears to a delightful trivia quiz about the breathtaking Lake Tahoe. Test your knowledge of fascinating facts, including the lake's maximum depth, the number of ski resorts in the area, and the intriguing origin of the lake's name.

This episode promises to be both engaging and insightful, combining my firsthand real estate expertise with a touch of trivia fun! Don't miss out—hit the like button, share this video with your friends, and be sure to subscribe for more valuable insights into the Reno-Sparks real estate market.

📺 Ready to dive in? Watch the full episode here: 

 

About The Angst Real Estate Team

The Angst Real Estate Team is the top real estate authority in Northern Nevada and is always available to answer your real estate questions. Send us an email or call/text at (775) 525-0309 for a free, no-obligation consultation. Like and subscribe to our YouTube Channel. The Angst Real Estate Team is the top real estate authority in Northern Nevada. Our channel is the place to go when you're looking for information about our dynamic and diverse Reno/Sparks Real Estate Market. We frequent video podcasts about important topics that matter to our Reno/Sparks Real Estate Tribe. Let's embark on this real estate journey together!

S.168655
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