Let's talk about what's really happening in the Northern Nevada housing market right now. If you've been watching the market, you've probably noticed a shift. The market dynamics have changed significantly, and understanding these shifts is critical whether you're buying or selling.

On average, homes are selling for about 95% of the asking price, which means sellers are giving away roughly 5% in equity right out the gate.

And that's before factoring in seller credits, which we're seeing everywhere in today's market.

Average time on market has stretched significantly compared to last year.

This extended timeline gives buyers more negotiating power and time to make informed decisions.

Inventory is higher, buyers have more choices, and that means more negotiating power. In fact, many homes are closing with both price reductions and credits to buyers.

The days of multiple offers are not completely gone, but they're reserved for homes that are priced ahead of the market and move-in ready. The rest? They're sitting.

Buyers are in a stronger position than they've been in years. With higher inventory, longer days on market, and increased negotiating power, you can take advantage of:

The Reno-Sparks market has shifted to favor buyers with more inventory and negotiating power. Sellers must price strategically from day one to avoid costly delays.

Whether you're buying and want to take advantage of concessions or selling and want to avoid losing thousands, let's talk strategy.