In real estate, there are buyer’s markets and seller’s markets. But it’s been a very long time since Nevada has seen a seller’s market like this, if it ever has.

“Normal inventory is a 6-month supply, now it’s days or hours,” says Gary MacDonald, Dickson Realty agent and president of the Reno-Sparks Association of REALTORS®.

MacDonald says there are a couple of reasons for this unprecedented market. “It’s a perfect storm of low supply, high demand and low interest rates.”  

Lea esto en inglés aquí.

Read this in Spanish here. 

Nevada Housing Division (NHD) officials will be the first to admit that a year ago at this time, they could not have predicted what their year-end report would look like. Though we’re guessing they’re not alone in that.

“Though it was a rough year for Nevada and its residents, we’re pleased that our agency was able to assist so many Nevadans through our programs,” said NHD Administrator Stephen Aichroth.