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Luxury Market Report June-July 2020

Thursday, July 30, 2020   /   by Elissa Irwin

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.

Drakulich Realty
2205 N McCarran Blvd
Sparks, NV 89431
775-685-8585

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by Brokerage firms other than Bryan Drakulich - Do More Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokerage. Data is deemed reliable but not guaranteed. Copyright 2020 of Northern Nevada Regional MLS. All rights reserved.
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