reno/sparks association of realtors | KUNR

reno/sparks association of realtors

An image of indigenous students gathered in a gymnasium, holding signs that read "Honor Us," and "We are still here"
David Calvert / The Nevada Independent

Here are the local news headlines for the morning of Wednesday, Oct. 13, 2021.

A pair of BEARPAW brand shoes placed on a rock in front of Lake Tahoe.
Courtesy of BEARPAW for NNBW

Here’s the latest business news from around Northern Nevada, with Business Beat from the Northern Nevada Business Weekly.

A graphic of the Market Monitor dashboard. The monitor provides information like the median price for an existing home, the number of units sold and the number of new listings. A photo of the Reno skyline at dusk is included as the graphic's background.
Reno/Sparks Association of Realtors

Nevada’s economy has struggled through the COVID-19 pandemic. Many small businesses are just scraping by. But the housing market? That’s a different story. For the first time, the median price of an existing, single-family home in Reno has reached $500,000. To better understand what’s going on, KUNR’s Paul Boger reached out to Gary MacDonald with the Reno/Sparks Association of Realtors.

Existing home sales in Sparks are up...by a lot. That's according to a monthly report from the Reno/Sparks Association of Realtors.

Our contributor Brook Bentley of the Northern Nevada Business Weekly says that last month, there was an 11 percent increase from the sales made in October, but the jump year-over-year is much larger.