Business and Economy

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Home and rental prices continue to soar in Northern Nevada and Northeastern California, leaving more working families and individuals on the brink. Seniors, college students, single parents, immigrants, and the working poor are particularly vulnerable. Some must choose to pay rent over buying food or securing healthcare. The lack of affordable housing in urban and rural areas alike is changing the identity of this region. In response, the KUNR newsroom is examining housing through many lenses, including the economic, political, and public health impacts.You can also subscribe to the Priced Out Podcast on iTunes, Google Play, and Stitcher.

Realtors: Reno-Sparks Median Home Price At $374K

KUNR Public Radio | By Kaleb Roedel

Published May 15, 2018 at 9:22 AM PDT

A snapshot of median home prices for April 2018 in Reno-Sparks, according to the Reno/Sparks Association of Realtors

New home listings in Washoe County for April were down 13 percent from a year ago. Our contributor Kaleb Roedel of the Northern Nevada Business Weekly reports.

In Reno, including the North Valleys, there were 335 sales of existing single-family homes last month, with the median sale price at $386,000 a 4 percent decrease from March 2018.

In Sparks, there were 148 sales in April, with the median price at $357,000.

Fernley had 54 sales and a median price of 249,000.

This data is from the Reno/Sparks Association of Realtors, which says supply is simply not keeping up with demand.

To read the rest of the story, please visit the Northern Nevada Business Weekly.

KUNR is providing in-depth coverage on the lack of affordable housing in the region. Head to KUNR.org to check out our series Priced Out: The Housing Crunch .