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.