Well, it has finally happened. The median sold price for Reno and Sparks, Nevada has now fallen below $200,000. And in a BIG way! January’s median sold price of $194,450 represents a HUGE drop from the previous month’s $209,900 – a whopping 7.4% decrease. And I thought December’s 4% drop from November’s was big; but now the decline seems to be accelerating. When will it stop? See all the numbers here.
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