Reno Market

The Reno market Median Price Per Square Foot has been fairly flat for the last 3 months, ranging in price from $134 in August to $136 in October. The current price of $136 is now reflecting prices we saw back in 2008. We expect the Median Price Per Square Foot will remain steady during the next few months of this slow season.

Sparks Market

In the Sparks area the Median Price Per Square Foot has slowly increased by 5% in the last 3 months. We predict a continual slow upward trend during the next few months which typically see a seasonal slowdown. Sellers should be encouraged though with the rise in price, while Buyers, though cooling off from the interest rate increases, are still showing lots of activity in the market.