Washoe County Real Estate Market Update: Fall Trends & Smart Strategies
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The Washoe County housing market is shifting, and both buyers and sellers need to be prepared. Whether you’re thinking about upgrading while holding onto a low-rate mortgage or navigating today’s affordability challenges, understanding the latest data can give you an edge.
Key Market Highlights
- Median home price: $589,975 - down 3.3% from last August
- Closed sales: 400 - down 6.5% month-over-month, but up 1.5% year-over-year
- Median days to contract: 29 days (plan on 60–75 days from list to close)
- Price per square foot: $321 - a 3.6% dip month-over-month
- New listings: 475 - down 9% year-over-year and 16% from last month
- Active inventory: 1,282 - 15.4% higher than last year, but 4.4% lower than last month
- Month supply: 3.2 - still below a balanced market of 4 to 6 months
- Interest rates: 6.25%–6.35% - affordability continues to be top of mind
What This Means for You
- Sellers: Homes are taking longer to sell, so pricing strategically and offering incentives like repair credits can help you stand out.
- Buyers: With more inventory and slightly cooling prices, you have more leverage when it comes to negotiations.
- Homeowners with low rates: Over 80% of owners are locked into sub-4% mortgages — the so-called “golden handcuffs.” But with the right strategy, you can leverage your current property while moving into your dream home. I recently wrote a blog post highlighting the success of one of my clients who was able to turn their low mortgage home into an investment property to help them purchase their dream home. Read more here: How a Young Family Turned Their Low-Rate Home Into a Cash-Flowing Asset—and Bought Their Dream Home
Ready to Dive Deeper?
In my latest video podcast, I am joined by Neetha Gorla, fellow Haute Properties Realtor, in my September market report. We take an in-depth look at the local real estate market patterns, trends, and statistics from last month. And we break down what this means for buyers and sellers in today's shifting market. Be sure to check out our video podcast as we also offer step-by-step guidance for leveraging your equity wisely and give practical tips for negotiating credits, repairs, and closing costs when purchasing your next home.
👉 Watch the full video breakdown for more details and actionable strategies:
If you’re thinking about buying or selling, strategy matters more than ever. Whether it’s structuring a creative financing package, negotiating builder incentives, or weighing the rent-versus-sell decision, having expert guidance can make all the difference.
📲 Reach out anytime if you’d like a personalized market consultation—we’re always here to help. 775-525-0309
Angst Real Estate Team
Looking for an experienced Real Estate Team in Reno/Sparks and Northern Nevada? Look no further than our 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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