As of the end of November single family median home prices in the Reno Sparks market were at $390,000 year to date. This is a 4% increase over the year to date price in 2018.
In November 2016 the median home price was $310,000. As you can see from the graph below the median home price has steadily increased over the past several years. (Graph courtesy of Reno Sparks Association of Realtors)
The 4% increase we have seen year to date is a slower rate of increase than the 11.9% increase we saw in 2018. This may be indicating that market has returned to a more “normal” appreciation rate.
If you have questions about your home’s value the Shocket Team can help. Reach out to us today.