OCTOBER 2023 Monthly Market Update for
Dayton, Minden, Gardnerville, and Carson City
- Median home sale prices increased in all three areas, ranging from 6.4% to 18%.
- Days on market decreased in all three areas, ranging from 21% to 35%.
- Home sales increased in Dayton and Carson City, but decreased in Minden and Gardnerville.
Specific market trends
- Dayton: The median home sale price increased 6.4% to $422,990. Days on market decreased 21% to 63. Home sales increased 19%.
- Minden and Gardnerville: The median home sale price increased 6.7% to $546,000. Days on market decreased 25% to 60-66. Home sales decreased 10%.
- Carson City: The median home sale price increased 18% to $585,000. Days on market decreased 35% to 62. Home sales increased 17%.
The real estate market in Dayton, Minden, Gardnerville, and Carson City remains strong, with increasing home prices and decreasing days on market. However, home sales decreased in Minden and Gardnerville in October, suggesting that the market may be cooling slightly.
Interest rates have decreased slightly in recent weeks, but they are still much higher than they were a year ago. This is likely having a negative impact on home sales, particularly for buyers who are pre-approved for mortgages.
Senior real estate specialist
Dennis Lindsay is a senior real estate specialist who can help seniors with their real estate needs. He has a large network of professionals who can assist with a variety of services, such as home staging, moving, and financial planning.
Dennis Lindsay can be reached at 530-318-2369. He offers free market reports and property valuations.