Median home prices remain stagnate for now.
Let's take a look at Median Price and Days on Market trends over the past 6 months for single family homes in the greater Reno-Sparks area.
At the end of November, the median home price for the Reno-Sparks region stagnated its decline from the summer months remaining about the same as it was in October at $310,000. This price is still 5.6% higher than it was at this time last year which continues a trend of growth in the long run. Strong demand for housing, low mortgage rates and healthy job growth in the region will continue to drive median price up over the long term, especially in the most affordable price ranges.