2022 January Fernley Market Update

Fernley median price increased quite a bit, up by 3.6% compared to December, and up 21.0% compared to January of '21. It is still considered a sellers' market. Inventory is still low for the time being, with one month of inventory, at 1.0.

What a year it has been! As we open up the book for year 2022, we can't help but wonder what's ahead, for all of us. Whether you are looking to buy or rent in the Reno, NV area, the real estate market doesn't look like it's slowing down any time soon.

While interest rate remains to be low, the Fed is looking to increase the rate at least four times in the coming year. While the Fed is working on reducing inflation through interest rates and QE (Quatum Easement) for the market as a whole, it's time to ask ourselves, should I buy my home now? And is it still time to invest and hedge my money/cash against inflation?

For those buyers who are looking for more space and a better price tag, Fernley will continue to be a favorite. The demand will most likely continue to push the price up, until reach equlibrium for our market. Since we had a relatively short winter season, market is already picking up again.

If purchasing home is within consideration, please don't hesitate to reach out so you may make a informed decision. For more detailed and customized information and help, you may click HERE.

On page one, discover how to beat out other buyers to hot new listings and how to receive computerized lists of homes for sale or distress sales, in your desired price range and area, free of charge and without obligation.

Whether you’re buying or selling a home, we’re sure that you have lots of questions.  On page one we invite your questions and explain how to direct them to us so they can be answered in one of the upcoming issues of Market Watch.  This month we’ve selected another popular question that many homesellers ask, “What can I do to my home so that it will sell fast and for top dollar?”.

Don’t forget, you can call us any time at 775-815.81395 for a FREE Quick Over-the-Phone Home Evaluation.  As its name implies, this is a NO cost, NO obligation way of learning what your home can sell for in today’s market. Or, you can click HERE to see what your home is worth.

Xuning Endicott

Your Home Sold Guaranteed or I’ll Buy It!

Endicott Real Estate Group @Momentum Realty

Realtor®, MS Economics, S.183521

 P.S.  One final point.  This year the homes listed with the Endicott Real Estate Group Homeselling System sold on average for @ 109% asking, 7%, more than the Real Estate Board average!