In the Reno-Sparks market December 2016 median was $299,950 up 3.6% from December 2015 when the median was $289,500.  In 2016 the median price peaked in July at $317,000 which was a 9.3% increase over July 2015.  Prices are predicted to continue to rise in 2017 but at a slower pace than over the past several years.  If you are considering buying or selling the Shocket Team – Dickson Realty can help. #shocketteam

Some Highlights:

  • CoreLogic’s latest Home Price Index shows that prices rose by 7.1% across the United States year-over-year.
  • With mortgage interest rates rising in the short term, CoreLogic believes price appreciation will slow to 4.7% by this time next year.
  • 49 out of 50 states, and the District of Columbia, all had positive appreciation over the last 12 months, with the only exception being the state of Connecticut, which experienced a -0.5% appreciation.