Combined Reno-Sparks single-family median home hits $400K
RENO, Nev. (AP) — Housing prices continue to climb in the Reno-Sparks area, where the median price for an existing single-family house in the neighboring cities combined has hit $400,000 for the first time.
Reno alone has surpassed that level six times the past 18 months, setting a record in May when median house prices reached $425,500.
But the Reno Gazette Journal reports that June marked the first time Reno and Sparks combined have posted a median of $400,000.
The highest previous level for the cities combined was $390,000 in May.
The Reno/Sparks Association of Realtors says June’s monthly numbers don’t include newly constructed single-family houses, condominiums, townhouses or modular homes.
For existing single-family homes, median prices in Reno dipped slightly to $411,500 in June.
Sparks set a new city record with $374,500, breaking the old Sparks high of $364,500 set last July.
Information from: Reno Gazette-Journal, http://www.rgj.com