Reno & Sparks Homes Median Price

Median price of a home. 

In simple terms average price, ok maybe not exactly.  But it's almost the same thing.  But just to be sure we know the slight difference:

Median price: means half of all purchases fall below that sales price, and half are above it.

Average price:  is adding up all the sale prices and dividing them by the total number of sales.

Example:  Let's say there were 5 home sales, totalling $2, $3, $4, $5, $9. The median is $4 because half the sales were below and half were above. The average is $4.60.

*From Yahoo! question and answer

RENO REAL ESTATE MEDIAN PRICE

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SPARKS REAL ESTATE MEDIAN PRICE

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Note:  Though demand has been going up, prices have yet to find a bottom. 

This is not unusual in a down market.  Prices don't just magically stop falling and start flying up.  History tells us that demand goes up before prices, which means that the bottom might just be around the corner---I can't wait.