Northern Nevada’s Housing Market Hits Record Prices Despite Affordability Pressures

Northern Nevada’s real estate market has reached a milestone. In mid-2026, the Reno-Sparks area recorded its highest-ever median home price at $635,000, a figure that tells only part of a more complex story. Despite lower transaction volumes compared to pre-pandemic norms, demand remains steady, inventory stays tight, and the luxury segment continues to outperform expectations. […]