HOUSINGNEWS REPORT
NEVADA HOUSING SPOTLIGHT
Reno Leads Nevada Housing Rebound While Las Vegas Lags
BY JOEL CONE, STAFF WRITER
The epicenter of a rebounding Nevada real estate market has shifted Northwest. Median home prices in Reno have skyrocketed 160 percent since bottoming out in January 2012 and are
the Reno region. “I’ve had to re-adjust how I do real estate and how we approach everything. The market is so tight right now.” Median home prices in Las Vegas have posted an impressive — although still inferior to Reno — 135 percent increase since January 2012, but are still 20 percent below their pre-recession peak in June 2006. Lingering Distress in Las Vegas The slower rebound in home prices in Las Vegas means a higher share of homeowners seriously underwater — 20.2 percent there compared to 8.6
now just 4 percent below their pre- recession peak in July 2005, according to data from ATTOM Data Solutions. “It’s absolutely confounding,” said Michelle Foster, a sales agent with Sierra Nevada Properties covering
“It’s absolutely confounding. I’ve had to re-adjust how I do real estate and how we approach everything. The market is so tight right now.”
MICHELLE FOSTER SALES AGENT, SIERRA NEVADA PROPERTIES, RENO
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NOVEMBER 2017 | ATTOM DATA SOLUTIONS
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