Now is a great time for buyers to get into the market! Price reductions, seller concessions, and less competition are giving buyers a bit more leverage as the market begins to shift. Home prices are still at record highs and rising, so for sellers looking to get top dollar for their home, the time to sell is now. Read on for all of the latest details!
What's Ahead for Luxury Sales:
- The luxury market is "normalizing" as rising interest rates, inflation, and economic security have put a damper on demand
- Swift change at national level has taken longer to reach Northern Nevada
- In June, the number of luxury homes on the market increased 151% YOY
- In June, the number of luxury homes sold declined by 12.5%
2022 Sales Summary
*All Parc Forêt build-to-sut new construction.
These figures represent sales from 1/1/22 - 8/1/22. Thank you to every single client that has worked with us!