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)

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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.