🏡 Reno & Sparks Real Estate: Why 2025 Is a Window of Opportunity for Buyers

By Sheryl Verdugo

After years of volatility and seller-driven momentum, the Reno and Sparks housing market is finally shifting—and for buyers, that’s good news.

🌤️ A Market in Transition

In 2024, high interest rates and soaring home prices kept many buyers on the sidelines. But 2025 is telling a different story. Mortgage rates are stabilizing near the 6% mark, and inventory is slowly increasing, offering more choices and less competition. For the first time in years, buyers are stepping into a market that feels less like a sprint and more like a strategic stroll.

📉 Price Growth Is Slowing—And That’s a Good Thing

While Reno’s median home price still sits above the national average at $512,450, the year-over-year increase has cooled to a modest 2.5%. That’s a far cry from the dramatic spikes we saw in previous years. This stabilization means buyers can make decisions with more confidence, less urgency, and fewer bidding wars.

🏘️ Inventory Is Opening Up

One of the most promising signs? Shadow inventory—homes owned by sellers with ultra-low mortgage rates—may finally hit the market as rates become more appealing. Combined with a projected national inventory growth of up to 13%, Reno and Sparks could see even more listings, especially as affordability pressures ease.

🔍 What Buyers Want—and Can Now Find

In 2024, buyers were laser-focused on move-in-ready homes due to limited options and renovation fatigue. But with more inventory and slower price growth, buyers now have room to explore, negotiate, and even consider homes with potential for customization or value-add improvements.

💡 Why This Matters

For buyers who’ve been waiting for the right moment, 2025 offers a rare blend of opportunity and stability. Whether you're a first-time buyer, a relocating family, or an investor looking for long-term value, Reno and Sparks are no longer just competitive—they’re accessible. I can help you get started on your home buying journey and take advantage of the changing market. Reach out to me today on the contact page.