Reno, NV - Local Housing Data - Summary

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Reno, Sparks, NV

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Reno, NV Local News

  • Top 25 New-Home Price Hikes in 2014

    Where in the nation are new-home prices on fire? Here, BUILDER looks at the top 25 markets racing away from affordability.

  • Reno, NV - March 2014 - New Home Closings Numbers Give Hints Market Gain Subsiding

    New home sales climbed in March. Average prices of new homes moved up, rising 42.3%. The percentage of new home closings belonging to single family homes rose, climbing 13.3% percentage points. The percentage of new home closings belonging to attached homes dropped, falling 13.3% percentage points.

  • Where in the U.S. is New Home and Lot Demand Peaking?

    Big Builder taps Metrostudy's Regional Directors to identify which areas in their U.S. market coverage are experiencing the highest levels of demand for new homes and new home building lots. Scored on a scale of 1-10 (10 being the hot score), each market, score, and insight from that region's...

New Home Prices Increase in Reno According to Recent Figures, Sales Decline

Posted on: Jul 06, 2014 07:30:32 AM

In April, there was a decline year-over-year in new home closings in the Reno, NV market, moving downward after a gain in March 2014. New home closings saw a 6.0% fall from a year earlier to 78. This followed a 32.8% hike year-over-year in March.

A total of 939 new homes were sold during the 12 months that ended in April, down from 944 for the year that ended in March.

New home closings accounted for 9.8% of overall housing closings. A year earlier, new home closings made up 9.3% of total closings. Closings of new and existing homes sank year-over-year in April after also falling in March year-over-year.

Pricing and Mortgage Trends

Average price of newly sold homes saw a 27.6% boost year-over-year in April to $349,019 per unit. This bump is smaller than the 41.8% hike in March year-over-year.

The average mortgage size on new homes moved north year-over-year along with new home prices. It climbed 20.4% in April from a year earlier to $271,139. In March 2014, average mortgage size grew 20.3% from a year earlier.

 
 
 

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