Category Archives: Agent Insights

August’s drop in the median sales price is one of the largest on record — should we be worried?

Last week I posted my monthly report on the Reno-Sparks housing market. The big surprise in August’s data was the huge drop observed in the median sales price. August’s median home sold price was $370,000. Compare that number to July’s … Continue reading

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August median sales price and other market metrics

[Ed. Note – I apologize for the absence of last month’s (July) market metrics. Personal and client commitments did not afford me the time to compile the stats and draft my regular monthly market report. I did, however, update the … Continue reading

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Reno, Nevada Luxury Home Prices Gain Momentum in First Half of 2018

Last month Realtor.com® published a report titled, Luxury Home Prices Gain Momentum in First Half of 2018.  In the report, Realtor.com® analyzed sales of luxury homes in 91 markets. I read the piece with interest because I expected Reno, Nevada to be mentioned. But Reno, Nev. … Continue reading

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June median sales price and other market metrics

Whoa! The Reno-Sparks median home price surged in June to a record $385,000. That number is a $10,000, or 2.7 percent increase, over May’s median home price. $385,000 sets another record high for home prices in the Sparks and Reno, … Continue reading

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May median sales price and other market metrics

The Reno-Sparks median home price came in at $373,000 for the month of May — pulling back slightly from April’s $374,000 median sales price. Despite the slight 0.3 percent month-over-month decline, May’s median sales prices is up 11.4 percent year-over-year. … Continue reading

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April median sales price and other market metrics

April’s median home sales price pulled back a bit from March’s record-setting $375,000. April’s median sales price came in at $373,500. That number is down 0.4 percent from March’s median, and is up 15.2 percent year over year. Despite the … Continue reading

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A few of my recent Facebook posts

In addition to posting on this blog, I also maintain a Facebook Page where I post daily content on the Reno and Sparks, Nevada real estate market and economy. Below are a few recent posts from my Facebook Page. Regarding … Continue reading

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March median sales price and other market metrics

March has come and gone, and upon review it appears that March Madness has infiltrated the housing market. The median sales price for homes in Reno and Sparks, Nevada jumped 2.1 percent in March to come in at $377,121 — … Continue reading

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