The sales data for June 2018 is shaping up to show another month of an increased median price and fewer homes sold.  The graph below from Reno-Sparks Association of Realtors shows the median price up to $385,000, up 2.7% from May and 15.9% over last June.  Unit sales are down slightly from May, but more telling is the fact that they are down 25% from the same time last year.  Are prices getting to high for buyers in Reno-Sparks?  The Shocket Team can help you better understand the market for your home.

RSAR June 2018

Taking a closer look there were 121 single family homes sold under $300,000.   315 homes sold between $300,001 – $500,000.  82 homes sold between $500,001 – $750,000, and 47 homes over $750,000.