Median Price Up 11.5% Over Last year!

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Market Profile Report – Reno/Sparks

Below is an update on the Reno/Sparks real estate market. Our analysis focuses on single family home activity in the region for the month ending August, 2020.

Buyer demand is remarkable in nearly every price range and is a major contributor to the continued rise in prices. The median price in Reno/Sparks increased 2.5% from July to August, from $434,000 to $444,900. When comparing year over year, the median price is up by 11.5% over last year, which is a strong growth rate.