Category Archives: Agent Insights

March median sales price and other market metrics

March home sales fall more than 19% YOY The median home price in Reno-Sparks, Nevada slipped to $369,000 in March — giving back some of the gains seen in February. March’s median sales price represents a 0.8 percent decrease from … Continue reading

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February median sales price and other market metrics

February’s median home price jumps 2.8 percent over January’s The median home price in Reno-Sparks, Nevada climbed to $370,950 in February — reversing a prior three-month downward trend. February’s median sales price represents a 2.8 percent increase over January’s median … Continue reading

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January median sales price and other market metrics

January home sales drop to its lowest level in a decade The median home price in Reno-Sparks, Nevada fell to $362,000 in January — marking three consecutive months of declines. The median sales price of $362,000 is off 6.0 percent … Continue reading

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2018 Reno and Sparks, Nevada home sales by MLS area

Last week I published a blog post reporting 2018’s home sales broken out by zip code — see 2018 Washoe County home sales by zip code. It’s a popular topic on this blog, and one I address annually. Another method … Continue reading

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2018 Washoe County home sales by zip code

Methodology Washoe County, Nevada encompasses 41 zip codes, however many of these zip codes are for P.O. boxes only and contain no homes. The analysis below applies to only those zip codes containing homes. Data in the charts and tables … Continue reading

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All-cash sales increase in 2018

Reversing a downward trend observed since 2015, the portion of all-cash home sales in the Reno and Sparks, Nevada market climbed to 21.0 percent in 2018. Of the 5,972 homes sold in the Reno-Sparks area in 2018, 1,254 were cash … Continue reading

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December median sales price and other market metrics

Whoa! December’s median sales price for Reno and Sparks, Nevada dropped to nearly its lowest level of the year! December’s median finished 2018 at $360,000. This number is: nearly equal to January 2018’s median sales price of $359,950 down a … Continue reading

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Reno-Sparks luxury home prices skyrocket in 2018

While the growth rate of luxury home prices slowed across the country [See Redfin’s recent Luxury Home Prices Up 3.2 Percent Annually in the Third Quarter, the Lowest Growth Rate in Nearly Two Years], the story for luxury homes in … Continue reading

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