The Reno–Sparks real estate market is shifting this fall, and now is the perfect time for buyers to take a closer look. In my latest video, I am joined by fellow local Haute Properties REALTOR® Neetha Gorla, and we share expert insights on current trends, negotiation strategies, and why working with an experienced buyer’s agent can make all the difference.
🎥 Watch the full market update video here:
📊 Market Snapshot: Steady Prices, Active Buyers
Despite typical seasonal slowdowns, the Reno–Sparks market remains active and competitive:- Median sales price: Steady around $577,000, down just 2.2% year-over-year
- Closed sales: Up 6% year-over-year and 7% month-over-month, proof that motivated buyers are still out there
- Median days to contract: 40 days, though this varies by neighborhood and price point
- Active inventory: About 1,160 homes, with a 2.7-month supply, indicating a market leaning toward buyers
What does this mean? Opportunity. Sellers listing in October are typically motivated, giving savvy buyers room to negotiate favorable terms.
💡 Why a Buyer’s Agent Matters More Than Ever
With rates, inventory, and competition constantly shifting, having a skilled buyer’s agent is no longer optional; it’s essential. Here’s why:
- A REALTOR® will navigate complex contracts and deadlines, ensuring nothing slips through the cracks.
- A REALTOR® will use local market knowledge to craft strong offers and identify hidden value.
- A REALTOR® will help you negotiate effectively with contractors and sellers**, saving you thousands.
- A REALTOR® can connect you to financing options and first-time buyer programs that fit your long-term goals.
The right agent does more than help you find a home. They become your advocate and strategist from day one. Check out our recent blog post on the questions to ask when you interview REALTORS® for your next home purchasing or selling journey.
🏡 Fall Is for Smart Buyers
If you’ve been waiting for the right time to buy, this fall offers a sweet spot: steady prices, motivated sellers, and room to negotiate. Whether you’re a first-time buyer or looking to invest long-term, now’s the time to work with an agent who understands both the numbers and the people behind them.
📺 Watch Neetha and Ken’s full discussion on YouTube.
Then reach out to The Angst Real Estate Team to start your buying journey with confidence. Contact us today for personalized guidance and access to the latest listings in Reno–Sparks. ☎️ 775-525-0309
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