Why are homes in Reno taking longer to sell in 2025 compared to last year?

Homes in Reno are taking longer to sell primarily due to three factors: inventory has increased 25.3% year-over-year, giving buyers significantly more options; buyer behavior has shifted from emotional to calculated decision-making; and pricing precision matters more than ever in a market where 48.8% of homes sell below asking price. The combination of more competition and more selective buyers means homes that aren't strategically positioned and priced correctly from day one sit longer on the market.

What is the current average days on market for Reno homes?

As of October 2025, the average days on market for Reno homes is 68 days, up from 55 days the previous year—a 24% increase. However, this average masks significant variation: hot homes that are priced correctly and marketed professionally go pending in approximately 34 days, while homes that require price reductions or have positioning issues can sit for 90+ days. Your specific days on market will depend primarily on pricing accuracy, presentation quality, and neighborhood dynamics.

How much below asking price are Reno homes currently selling for?

The data shows significant variation. In June 2025, 48.8% of Reno homes sold below asking price, 30% sold at asking price, and only 22% sold above asking. On average, typical homes sell for 2-3% below list price. However, homes that are priced strategically from the beginning and positioned correctly often sell at or near asking price, while overpriced homes that require reductions can end up 5-7% or more below their original asking price after extended market time.

What's the difference between hot homes and average homes in the Reno market right now?

Hot homes in Reno—those that sell quickly and at or above asking price—go pending in approximately 34 days and typically sell at or near their list price. Average homes take 68 days and sell for 2-3% below asking. The key differences are pricing precision based on current absorption rates rather than outdated comparables, professional marketing that launches with maximum impact in the first 14 days, and proactive elimination of potential buyer objections before they become deal obstacles.

Should I wait until spring to list my Reno home or sell now?

Waiting until spring means competing with even more inventory, as spring traditionally brings the year's highest listing volume. Available inventory in Reno has been steadily increasing since April 2024, and spring will only intensify competition. Additionally, current post-election market activity is bringing motivated buyers who have compelling reasons to purchase before year-end or early 2026. If you're carrying monthly costs of $4,000-5,000 on a vacant property or planning to move anyway, waiting typically costs more than the potential benefit of slightly increased buyer activity in spring.

What carrying costs should I factor in if my home sits on the market longer than expected?

On a $600,000 Reno home, monthly carrying costs typically total $4,000-5,000 when you factor in mortgage payments, property taxes, insurance, utilities, and ongoing maintenance. This means the difference between selling in 34 days versus 68 days costs you an additional month of expenses—roughly $4,000-5,000 out of pocket. Extended days on market also impact your negotiating position, as buyers perceive listings that sit longer as having potential issues, often leading to lower offers that further reduce your net proceeds.

How do I choose a real estate agent who can actually sell my home faster than the market average?

Focus on performance metrics rather than personality or generic credentials. Ask potential agents three specific questions: What's your average days on market compared to MLS average in the past 12 months? How many of your listings required price reductions in the past year? What's your detailed strategy specifically for the first 14 days of marketing? The right agent will have personal stats that beat the 68-day market average, demonstrate pricing discipline through low price-reduction rates, and articulate a specific plan for capturing attention when your listing has maximum visibility.

Which Reno neighborhoods are seeing the longest days on market in 2025?

Days on market vary significantly by neighborhood. Somersett homes average around 73 days on market before selling, typically at 1% below asking. Double Diamond homes sit for approximately 56 days before selling, usually at 2% below list price. Northwest Reno and other established neighborhoods each have distinct velocity patterns based on price range, school districts, and current inventory levels. Understanding your specific neighborhood's absorption rate—not just citywide averages—is critical for pricing and timeline expectations.

Selling Archives - The Kinney & Renwick Team

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