Reno/Sparks Real Estate & Mortgage Update April 2025: Prices & Trends

Описание: Get the latest scoop on the Reno/Sparks real estate market for April 2025! This month, I am joined by Stephanie Hanna, Certified Mortgage Advisor with Omega Mortgage Group, to break down what’s happening with home prices, inventory, and lending trends. Whether you’re buying, selling, or just keeping an eye on the market, this update is packed with actionable insights.

In this video:
📈 Median home price jumps to $586,000 - up 3.7% year-over-year and 2.8% from last month
🏡 376 closed sales in April - nearly 1% higher than last year
⏳ Median days to contract: 17 - homes are still moving quickly
💰 Price per square foot rises to $322 - up 5% year-over-year
🏘️ New listings up 10% YOY (563 homes), active inventory up 61% YOY (843 homes)
🔥 Why it’s still a seller’s market, but buyers have more options than last year

💸 Lending insights: average 30-year rates in the high 6% range, appraisal waivers explained, and how sellers are still covering buyer agent commissions and closing costs

🏆 Tips for navigating today’s market, whether you’re buying, selling, or investing

Co-Host Credit:
Stephanie Hanna | Certified Mortgage Advisor | NMLS# 188917
Loans by Stephanie Team | Omega Mortgage Group
📱 775-762-9114
🌍 www.loansbystephanie.com
✉ [email protected]

00:00 Introduction
00:55 Median Home Prices
02:43 Closed Sales
03:31 Median Days to contract
05:17 Price per sq-ft
07:27 Active Inventory
08:50 Months supply of inventory
10:43 Are Seller's still paying for buyer agent compensation?
12:09 Are Seller's covering buyer's closing costs?
13:06 Are buyer's getting appraisal waivers?
15:06 Have you seen any properties where the home didn't appraise?
17:10 What are the differences you are seeing from a lender perspective from 2024?
17:50 Where do you see mortgage rates going in 2025?
19:09 How does AI going to impact lending going forward?

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