In October 2023, home prices in the United States remained stable compared to this time last year, with the median price coming in at $425,000 according to data from Realtor. At the same time, the number of homes for sale decreased by two percent as sellers were less active with 3.2 percent fewer homes being listed.
Here in Reno, there are similar trends showing. The median sale price is higher than the national one at $539,500 and is has increased by 3.8 percent year-over-year. That said, in October, only 268 homes were sold, which is 6.3 percent less year-over-year.