Home Prices Continue Their Rapid Rise in Washoe County

The Reno/Sparks Association of REALTORS released its May report on existing home sales in Washoe County, including median sales price and number of home sales in the region.  Washoe County had 652 sales of existing single-family homes; an increase of 9 percent from a year ago in and a 27 percent increase from one month ago in April 2017. The report listed the median sales price for an existing single family residence in Washoe County in May at $335,575; an increase of 8 percent from May 2016 and a 4 percent increase from April. The median sales price in Reno for an existing single family residence in May 2017 was $355,500; an 8 percent increase from May 2016, and a 5 percent increase from the previous month. The Sparks median sales price for an existing single family residence in May 2017 was $309,750; a 9 percent increase from last year and a 3 percent increase from April 2017.