Reno home prices slump as interest rates rise, reach record low since 2021 | Edy Zoo | NewsBreak Original,RENO, NV. - The once red-hot residential real estate market in Reno, Nevada, has cooled off following the Federal Reserve's decision to begin a series of rate hikes. As a result, prices have fallen both in Reno and Sparks, with the median home sale price dropping to $533,532 in Reno and $495,000 in Sparks. The last time the median house price was below $500,000 in Sparks was October 2021.
Reno home prices slump as interest rates rise, reach record low since 2021 | Edy Zoo | NewsBreak Original
RENO, NV. – The once red-hot residential real estate market in Reno, Nevada, has cooled off following the Federal Reserve's decision to begin a series of rate hikes. As a result, prices have fallen both in Reno and Sparks, with the median home sale price dropping to $533,532 in Reno and $495,000 in Sparks. The last time the median house price was below $500,000 in Sparks was October 2021.
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