What’s really happening in the Reno & Sparks market?
In September, the housing market showed signs of careful recalibration. Prices held firm, but timing and inventory shifted. In a market that’s moving more thoughtfully, experience matters more than ever—and that’s where the Kinney & Renwick Team steps in.
1. Quick Snapshot: Reno & Sparks
Reno: Median sales price: $614,950 (virtually unchanged). Inventory tightened to 761. Closed sales: 260. Median days to contract: 40.
Sparks: Median price: $553,500 (down 1.6%). Inventory: 325. Closed sales: 144. Days to contract: 41.
Although the two cities moved differently, one thing is clear: the market favors strategy over speed.
2. What These Numbers Tell Us
Stability at the top line. Reno’s median price held steady, showing some support in buyer confidence for well‑positioned homes.
Less inventory, more selectivity. Both Reno and Sparks saw active listings shrink. That means competition for turnkey, competitively priced homes is increasing.
Longer decision times. The jump in days to contract in Reno signals buyers are taking more time to evaluate. It’s not about chasing the deal—it’s about getting it right.
Still room for negotiation. When homes are priced too aggressively, they tend to linger. We’re seeing more buyers test the market on properties that haven’t been optimized for presentation or pricing.
3. Why It Pays to Work with Local Experts (That’s You)
Here’s how the Kinney & Renwick Team stands apart:
We read past the headlines and interpret what the data truly means for Reno and Sparks neighborhoods, not some national average.
We know the streets—Somersett, Wingfield Springs, South Meadows—and understand their micro‑trends.
We help you time your move by aligning your goals with market conditions, not just reactionary data.
We deliver negotiating strategies that reflect real buyer behavior and local comps—not guesswork.
4. For Sellers: Your Game Plan
Price smart from day one. Homes priced aggressively often need to be reduced. We’ll help you find the sweet spot—competitive, not desperate.
Presentation counts. From prep work to photos and staging, the homes that stand out are the ones that sell faster.
Be flexible with terms. Offering seller credits or a home inspection report can give buyers confidence and ease friction.
5. For Buyers: How to Win Without Overpaying
Get your financing ready now. Rate locks, pre‑approval, and loan estimates are your weapon in negotiation.
Don’t wait too long. Inventory is shrinking. If you see a quality home at the right price, move decisively.
Ask for value. Especially when homes show signs of needed repairs—use inspection as leverage, not as a deal‑breaker.
6. Let’s Talk Neighborhood-Level Strategy
We always want to make this hyperlocal. If you want the latest stats and trends for your specific neighborhood in Reno or Sparks—Somersett, Caughlin Ranch, Old Southwest, Spanish Springs, etc.—we’re ready to send them your way.
📞 Kinney & Renwick Team | Chase International
📧 [email protected]
📱 (775) 391-8402
🌐 kinneyandrenwickteam.com
License #'s: S067935 | BS0141620 | S197254
