Inventory up almost 40% in Reno, NV

[Jake Andronico]

Inventory Climbs, But Still Below Historical Norms

Active single family inventory in Northern Nevada rose to 1,722 homes in May 2025 — a sharp +39.3% increase year-over-year from May 2024. 

That’s the highest level of available inventory since summer 2022.At first glance, this might feel like a flood of listings. But zoom out.We’re still well below the long-term average. 

For perspective, from 2015 to 2019, active inventory regularly exceeded 2,000–2,500 homes during peak months. Today’s 1,722 is higher than the past couple years but still low by historical standards.

What this means for the market:

More selection, less competition.

Buyers — especially investors and home buyers with cash — likely have more room to negotiate and more options.

Sellers need strategy. 

Properties sitting without price alignment or clean presentation won’t move. 

The days of “list it and forget it” are over.

Rents hold the line. 

With relatively limited new build completions/starts and even modest population growth, rental demand remains resilient.

What're you guys seeing in your market?