January Medians and Units Sold - Reno and Sparks, Nevada

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.