Reno Home Prices Are Up 6.5%, But Where Are The Sellers?

The Jon Sanchez Show · Sep 1, 2026 · 31m · transcript

I've got the August Reno-Sparks real-estate numbers sitting in front of me today, and I'm going to warn you:

They're weird.

If you've been waiting for the Northern Nevada housing market to collapse so you can finally pick up that $800,000 house for $500,000...

I've got some bad news.

The median sales price in August was $625,000.

That's actually 6.8% HIGHER than a year ago.

But here's where it gets interesting.

Closed sales were down 6.7%.

New listings were down 7.4%.

And active inventory was down almost 24% from a year ago.

So fewer homes are selling...

Fewer homeowners are putting their…