If you need assistance, please call 775-685-8585

  • Drakulich Realty News: Luxury Market Report June-July 2020

    Thursday, July 30, 2020   /   by Elissa Irwin

    Drakulich Realty News: Luxury Market Report June-July 2020

    Luxury Market Report

    Everyone is questioning the market, especially after the lockdown. This is a summary of what the luxury market is looking like in July, from a luxury brokerage perspective.

    The Reno single-family luxury market is considered a Balanced Market. Meaning the relative supply of homes reach a 5 or 6 month level.

    Homes sold for a median of 95.21% of list price in June 2020. 

    The most active price band is $1,400,000-$1,549,999, where the sales ratio is 150%. Anything over 100% means the home sold for OVER asking price! 

    The median luxury sales price for single-family homes has decreased to $1,125,000 in Reno, NV. 

    The median days on market for June 2020 was 112 days, which is up from 92 in May 2020.

      reno real estate, real estate reno, homes for sale in reno, drakulich real estate, drakulich real estate reno, drakulich realty, drakulich realty reno