This is the latest existing Reno-Sparks Single-Family Median Home Price Chart. As you can see the market appears to have peaked in Q2 2022 and is decreasing with Q4 having a median home value of $535,000 which is a 4.1% decrease from the prior quarter and a 0.9% decrease from the same quarter in the prior year.
The grey and blue trendlines show how our market would have trended with a 4% annual appreciation rate (this was the average appreciation in our area between 1990 and 2001) and a 6% annual appreciation rate.
This Data is from Q4 2022. The next Median Home Value chart for Q1 2023 will be available in mid-April 2023.
Posted by Jeff Sallan on
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