According to data released by the Reno-Sparks Association of Realtors (RSAR) about March 2018, the local housing market shattered records set before the Great Depression for median home prices for single-family homes. RSAR predicted in the same report prices would keep increasing for the remainder of the year.

“We have…a myriad of things putting pressure on housing prices,” explained executive director of the Builders Association of Northern Nevada, Don Tatro, citing population growth, the timeline for new construction, and rising costs of land, labor, and materials for new buildings. Tatro went on to predict surrounding areas like Ferley, Fallon, and Silver Springs would represent an increased opportunity for new construction as the Reno metro area continues to appreciate.

Investor Insight: With high demand for housing, increased jobs in the area, and lack of new-home inventory, investors able to take properties to retail market quickly stand to benefit from the current environment in Reno-Sparks real estate.

Doug McIntyre, president of RSAR, said, “I see [Reno-Sparks] being a sellers’ market for a couple of years,” but added that there is a “catch” for homeowners who choose to sell. “If you sell your home for $400,000, where are you going to move that you are going to pay $400,000 and get the same home?” Although Nevada recently ranked among the 10 “most-stressed” states in a report from WalletHub and analysts speculated that this could have something to do with relatively poor housing affordability in many areas, compared to California, the previous home of many of the market’s buyers today, home prices in the area are extremely affordable. As a result, natives find themselves stuck in their homes since selling their current house may not yield enough profit to get them into another one that is similar or better.

“They are staying in their homes longer, and that reduces the number of homes available,” said Mcintyre.

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  • Carole VanSickle Ellis

    Carole VanSickle Ellis serves as the news editor and COO of Self-Directed Investor (SDI) Society, a membership organization dedicated to the needs of self-directed investors interested in alternative investment vehicles, including real estate. Learn more at or reach Carole directly by emailing

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