Aug. 4, 2018
The VeroFORECAST predicts that over the next 12 months residential home values will appreciate at +9.5 percent for both the Reno-Sparks and Carson City markets. This prediction is more than double the prediction for the national average appreciation over the same time period. If correct, what will prices look like a year from now?
The most recent median sale price for the Reno-Sparks’ housing market was $385,000. An increase of 9.5 percent would make next year’s median price $421,575.
Similarly, a 9.5 percent increase to Carson City’s current median home price of $346,000 would bring next year’s median home price to $378,870.
So, it certainly looks like a great time to buy that home you've been eyeing!
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