The RGJ reported that Washoe home sales increased in Auugust.
Home values for existing homes in Washoe County hit their highest level since April, with the area posting its strongest August sales numbers in six years.
The median sales price in August for an existing single-family home in Washoe was $154,000, up 3 percent from the previous month, according to the Reno/Sparks Association of Realtors.
But before you get too excited, I also saw stories telling us to expect a further decline. I don’t think that anyone really knows what’s happening. I think that it is a combination of wishful thinking and the desperate need to say something, no matter what it may be.