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Home > News > Business > Growth Puts Strain On Local Housing Market | KUNR

Growth Puts Strain On Local Housing Market | KUNR

By ThisIsReno
Downtown Reno

With economic growth pulling more people into Washoe County and the outlying region, realtors are having a tougher time finding homes that suit their buyers.

John Graham with the Reno-Sparks Association of Realtors says the market has less than three months of housing inventory. The national average is around six to eight months. Fewer houses means higher prices.

“In that lower range price point for properties, they are literally getting consumed as quickly as they come to market,” Graham said. “If you’re in that kind of a buying range, it’s going to be very hard to find a house.”

Read more from our media partner, Reno Public Radio: Growth Puts Strain On Local Housing Market | KUNR

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