Spring has arrived and people are finding their way back into the world post-pandemic. The first quarter of the year flew by and we are here to share the latest Reno-Tahoe luxury housing market trends.
Read on for all of the juicy details!
Important Q1 Highlights:
- The market was fueled by record-low interest rates paired with demand at an all-time high for single-family homes, resulting in extremely low inventory levels and creating bidding wars across all luxury markets.
- With the distribution of the stimulus money, the stock market has soared and has positively impacted homeowners earning more than $100,000.
- According to Pew Research and Zelman analysis, 88% of those households have stock market investments including retirement