Reno/Sparks Real Estate & Mortgage Update – April 2025
If you’ve been keeping an eye on the Reno/Sparks housing market, you know that things are heating up! In my latest video podcast Real Estate & Mortgage Update, I teamed up with Stephanie Hanna, Certified Mortgage Advisor with Omega Mortgage Group, to break down the latest market data, lending trends, and what they mean for you—whether you’re buying, selling, or simply keeping tabs on the market.
📈 Market Snapshot: April 2025
Let’s dive into the numbers from last month:
- Median Home Price: $586,000 – That’s a 3.7% increase year-over-year and a 2.8% jump from last month. The market is gaining momentum!
- Closed Sales: 376 homes closed in April, up nearly 1% from last year.
- Median Days to Contract: 17 days. Homes are still moving quickly, with strong demand in the market.
- Price Per Square Foot: $322 – a healthy 5% increase YOY.
- New Listings: Up 10% YOY with 563 homes hitting the market.
- Active Inventory: Up a significant 61% YOY with 843 homes available.
🔥 What Does This Mean for You?
The Reno/Sparks housing market continues to favor sellers, but buyers have more choices than they did last year. New listings and active inventory are on the rise, giving buyers more options, though prices remain strong.
If you’re a seller, now is still a great time to list your home. Quick sales and rising prices are working in your favor.
For buyers, while competition remains, you’ll find more inventory to choose from, and savvy negotiating (like asking for appraisal waivers or seller-covered closing costs) could make a big difference.
💸 Mortgage & Lending Trends
Some key mortgage insights from April include:
- 30-year mortgage rates are averaging in the high 6% range.
- Appraisal waivers are becoming more common, helping some buyers speed up the loan process.
- Sellers are still covering buyer agent commissions and closing costs in many deals, easing the upfront costs for buyers.
🏆 Tips for Buyers, Sellers, and Investors
- Buyers: With more inventory available, don’t rush into a bidding war. Work closely with your mortgage advisor to explore financing options, including appraisal waivers.
- Sellers: While demand remains strong, price your home strategically to attract serious buyers quickly.
- Investors: Rising home prices and a steady stream of new listings could offer solid investment opportunities, especially with rents remaining high in many areas.
Stay Updates on the Reno-Sparks Real Estate Market
Whether you’re buying, selling, or just curious, this month’s Reno/Sparks Real Estate & Mortgage Update provides the insights you need to navigate today’s market. Watch the full video update with my special guest Stephanie Hanna for a deep dive into what’s driving the market this month!
📺 Watch the full update here!
The Angst Real Estate Team
Looking for an experienced Real Estate Team in Reno/Sparks and Northern Nevada? Look no further than Ken Angst and his team! With a demonstrated history of success working with buyers, sellers, and investors, we are the top authority in the area. Stay up-to-date on the latest trends and topics in the Reno/Sparks real estate market with our YouTube Channel featuring our weekly podcast, designed to provide you with the information you need to make informed decisions. Whether you're looking to buy, sell, or invest in property, we have the expertise you need to achieve your goals. Contact us today to learn more! 775-525-0309
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