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Guy Johnson, MBA, EcoBroker

January's Median Home Prices - Reno, NV

Good News: The number of houses for sale continues to decline. Down 1.3% from last month. Also, the median For Sale price continues to decline Down 0.57% from last month. While the median Sold price increased almost 4% over last month.

Bad News: Only 171 houses were sold during the month of January. This is a sharp decrease from the prior month (a 30% drop from December's 244 Solds). As Solds continue to decrease; months supply of inventory will continue to climb. (See all the numbers here.)