Hi, this is Mike Hays with the Hays-King Team at Keller Williams.
Welcome to our November 2019 marketing report.
First, let's talk about the median price because that's what everyone's talking about. It's gone up to almost $400,000 it's at $399,995 and that's up 3.9% from the same time last year, which is up 1.3% from September.
Next, the units sold last month was that 546. That's up 16.7% from the same time last year, but it's down -4.7% from September.
The days to contract, this is very interesting, and we'll break this out by price range in a future video, but the days to contract for the Reno-Sparks market is 62 days. And that's up 35.7% from the same time last year, and up 17% from September.
And lastly, the number of homes available called the inventory level, is at 1,129 and that's down 21.3% from the same time last year, and down 19% from September. If you have any questions or want some further information about the market, please don't hesitate to reach out, give us a call, or send us an email.
This is Mike Hays with the Hays-King Team at Keller Williams.
Have a fantastic day.