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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 ✉ stephanie@omglending.com 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? Don’t forget to LIKE 👍, SUBSCRIBE 🔔, and SHARE for more Reno/Sparks real estate insights! Discover unparalleled real estate expertise in Reno/Sparks and Northern Nevada with Ken Angst and his team! With a proven track record of success serving buyers, sellers, and investors, we're the go-to authority in the area. Our team specializes in comprehensive real estate solutions for: Downsizing: Helping clients transition to more manageable living spaces. Upsizing: Supporting growing families in finding their ideal larger home. Selling: Maximizing property value with expert market insights. Buying: Guiding clients through seamless home purchase experiences. Investing: Leveraging Northern Nevada's robust real estate market opportunities. 📚 Free Resources: Download Ken's Essential Guide for Buying/Selling Your Home. 👉 livinginsouthreno-21006914.hs-sites.com/buying-and-selling-real-estate-e-book Sign up for our Newsletter for exclusive market insights. 👉 https://share.hsforms.com/1w4IYZIhoTZ... Download my free Downsizing Checklist 👉 https://share.hsforms.com/1sHwQVMheS9... Simplify Your Downsizing Journey with Our Customized Guide: We've put everything you need in one place! Explore our specially designed webpage for downsizing resources, guides, and expert insights 👉 http://livinginsouthreno-21006914.hs-... Contact us today to achieve your real estate goals! 775-525-0309 💥 Follow me on Social Media 💥 Website: https://livinginsouthreno.com 🔷 Instagram: / the_angst_real_estate_team 🔷 Facebook: / livinginsouthreno 🔷 LinkedIn: / ken-angst-team-leader-of-the-angst-real-es... Customer Reviews: ⭐ Zillow: https://www.zillow.com/profile/kenang... ⭐ Google: https://goo.gl/maps/WJtMeewEaM2p8CFQ7 Homes Sold: 🏠 https://www.zillow.com/profile/kenangst/ Mailing Address: Haute Properties NV 5470 Kietzke Lane, Suite 300 Reno, NV 89511 Office Number: (775) 525-0309 Nv Real Estate License: S.0168655 (Nevada)