Hi, this is Mike Hays with the Hays King team at Keller Williams and I have the end of the year 2019 market stats for you.

In this video, I'm going to show you four stats for the year ending in December 2019 for the Reno-Sparks marketplace.

So let's get started with the big one.

Median Price of Homes

The median price for the end of the year 2019 in December. The median price for the end of year ended up at 393,000 for the entire Reno-Sparks marketplace. That's a 7.7% increase from December 2018.

Active Inventory
810 Units

Active inventory at the end of December was down 33% at 810 units. The number of sold homes was up 4.4% at 6,255 homes sold. This does not include new construction or private home sales. So what's going on with our market? The first thing to note is all of these stats change from neighborhood to neighborhood, depending on the price and the area. For those details, contact us directly and we'll answer all of your questions.

Sold Homes


Let's take a look at the median price of homes in the Reno-Sparks marketplace since 2014. Looking at the graph, you can see that the median price of homes from 2014 to 2019 has consistently increased.

Median Price of Sold Homes

Let's take a look at this next graph. As you can see, the 2019 number of sales of homes was up 4.4% at 6,255. Now, it's not as high as what we saw in 2017, but it's certainly on the uptick.

Homes Sold in 2019

So I'd like to wrap up this video and show you the median and average price of homes since 1963 throughout the U.S. and what has happened historically. I think you'll find this interesting. So in this graph, you'll see the median and average sales price since 1963 has consistently gone up. Now, of course, there was the bubble that we saw from 2007 to 2011 where we saw a significant price drop, but even at the bottom of the market the housing prices or the median price and the average price were still above historical levels.

Median Price of homes since 1963

So the real estate bubble obviously had an impact on people who were looking at buying in the short term. In this 56 year history, home prices have steadily increased and I don't see them going down in my opinion at anytime soon. Now, of course, there may be a correction. We never know about corrections, but historically our median and average price of homes have gone up and up and up.

So that's the 2019 end of year market report. I hope you've enjoyed it. If you have any questions, please don't hesitate to email, text, call, or contact Shane and me for some questions at buyorsellwithus@gmail.com and of course, the links and all those phone numbers are below.

So if I've messed it up totally, then check out the links below, but I'm sure the information is correct.

Talk to you soon. This is Mike Hays with the Hays King team at Keller Williams.

Have a fantastic day.