A new high: Reno-Sparks median house price breaks 12-year-old record

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A new high: Reno-Sparks median house price breaks 12-year-old record..

Prospective homebuyers looking for relief from Reno’s long-running sellers’ market will have to wait longer.

Reno-Sparks just reached a new housing milestone in February, breaking a record that has stood for more than a decade.The combined median price of an existing single-family home in Reno and Sparks reached $370,000 last month, according to the Reno/Sparks Association of Realtors. The new median breaks the previous record of $365,000 set in January 2006 during the height of the housing bubble.

Read the full article @ https://www.rgj.com/story/money/business/2018/03/13/reno-sparks-median-house-price-breaks-12-year-old-record/418812002/

Courtesy of the RGJ article.