September 2024 Reno-Sparks Real Estate Market | Trends, Prices, & Mortgage Insights
The Reno-Sparks real estate market has experienced notable dynamics, reflecting broader regional and national trends. For this month's Reno-Sparks Market Update, Elena Boland from Wholesale Mortgage joined me to help break down the details of these real estate trends. We discuss the steady median home prices at $610,000, a 6% year-over-year increase, and mortgage rates in the low sixes for conventional loans. Learn about the shift in closed sales, seasonal inventory changes, and the key differences between conventional and government-backed mortgage rates as we look back at August's real estate market details for Reno-Sparks.
Our September 2024 Reno-Sparks Market Update podcast includes highlights on:
- Stable market with active conditions
- Cash sales at 22-25%
- Potential Fed interest rate adjustments
- Resale market focus in Washoe County
- VA and FHA loan insights
This in-depth look at Reno-Sparks housing market trends and what to expect moving forward is geared to help you navigate our dynamic real estate market in Washoe County. Don’t forget to like, subscribe, and share our podcast for more real estate updates!
Watch the podcast here -->
About 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 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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