Reno-Sparks Housing Market Shifts: Supply Grows, Affordability Lags

Reno-Sparks just hit a milestone in real estate: housing supply has topped 1,000 units for the third month in a row — the highest level in nearly six years. For buyers, that means more choices and more breathing room in a market that’s been tight for too long.

• Homes are taking longer to sell, signaling a shift from the break-neck pace of recent years.

• More inventory means buyers finally have leverage, with opportunities to find homes that fit both lifestyle and budget.

• But with single-family home prices still high and our region’s population continuing to grow, affordability remains a challenge.

The market is balancing out, yet questions remain on how Northern Nevada can keep up with demand while making housing accessible for everyone.