August 14, 2020
The median home sales price in Reno set a new record of $459,900 in July, representing a 9.5% increase from July 2019 and a 10.8% uptick from June 2020.
The news comes on the heels of a luxury home report from Nevada State Bank that showed in 2019, Northern Nevada's high-value real estate market accounted for 418 home sales in 2019, an increase of 4.8 percent over 2018. The average luxury home price was over $1.8 million in 2019.
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