The housing market has been cooling down recently, however many home shoppers are still on the lookout for their perfect property. Many are watching the market closely and the past few years have been anything but predictable. From contradictory signals and dead ends to what can seem like never-ending guesswork, having a qualified real estate agent in your corner is more vital than ever.
The data team at Realtor.com combined several important indicators and metrics to create a list of the best cities for American homebuyers right now. It comes as no surprise that Reno, NV comes in at number 7 on the list.
In order to come up with the above “buyer’s bonanza” ranking, the data team analyzed housing data from the nation’s 250 largest cities. The price per square foot was compared with local median income, days on market, percentage of sellers cutting prices, and the amount of homes for sale. The amount of homes for sale was measured relative to the total number of households in the city so that bigger cities with more homes for sale would not skew the rankings.
Something to note was that the best cities for homebuyers aren’t clustered in one part of the country. These buyer-friendly markets are spread out coast to coast, from sunny Arizona to booming Idaho and back to the beaches of Florida.
Reno has highlighted for its proximity to beautiful Lake Tahoe and the many activities in the area including boating, hiking, skiing, and more. Northern Nevada is well-known for its proximity to many west coast hot spots and an almost vacation-like lifestyle.
We focus on the luxury communities of South Reno, widely viewed as the most desirable areas of Washoe County and Northern Nevada. With its award-winning schools, coveted neighborhoods and easy access to Lake Tahoe, South Reno is a wonderful place to call home. Contact us to discuss the differences between each community and the various housing options available.