Category Archives: Agent Insights

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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A closer look at Nevada’s and Washoe County’s population migration

Last week the U.S. Census Bureau released its national and state population estimates with the headline, “Nevada and Idaho Are the Nation’s Fastest-Growing States”. As a whole, the U.S. population grew by 0.6 percent between July 1, 2017, and July … Continue reading

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November median sales price and other market metrics

November’s median home sales price was $377,250. This number was down 2.0 percent from October’s median sales price of $385,000. Year-over-year, November’s median sales price is up 6.7 percent. November’s median sold price per square foot (PPSF) also fell — … Continue reading

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October median sales price and other market metrics

After setting a record high of $387,000 in July, the Reno-Sparks median home price pulled back dramatically in August — falling to $371,450, or a 4 percent one-month decrease. September saw slight gains with a median sales price of $373,500. … Continue reading

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September median sales price and other market metrics

After setting a record high of $389,000 in July, the Reno-Sparks median home price pulled back dramatically in August — falling to $370,000, or a nearly a 5 percent one-month decrease. Did home prices gain anything back in September? Let’s … Continue reading

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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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