It's that time of every year where many of us look at the year behind us and decide what we'd like to change in the one ahead. Do you want to improve your physical health? Save for and plan a family vacation? Exercise your brain and read more books? This list is a great place to start if you need some inspiration. No matter where you find yourself in 2023, may it be filled with love, laughter and good fortune!

During December 2022, the report showed Reno/Sparks had 337 closed sales of existing single-family homes; a decrease of 4 percent from November 2022 and a 35.4 percent decrease from December 2022. The report listed the median sales price for an existing single-family residence in Reno/Sparks in December 2022 was $519,950; a decrease of 5.5 percent from last month and a decrease of 4.6 percent from the previous year. All sales numbers are for existing “stick built, single-family dwellings” only and do not include condominiums, townhomes, manufactured, modular or newly constructed homes. The median sales price of an existing condominium/townhome in Reno/Sparks in December 2022 was $309,750; a decrease of 1.7 percent from last year. 

In December 2022, Reno (including North Valleys) had 232 closed sales of existing single-family homes; a decrease of 37.1 percent from last year and a 1.3 percent decrease from November 2022. The median sales price in Reno for an existing single-family residence in December 2022 was $533,532; a decrease of 5.9 percent from last month and a decrease of 6.4 percent from the prior year. All sales numbers are for existing “stick built, single-family dwellings” only and do not include condominiums, townhomes, manufactured, modular or newly constructed homes. The existing condominium/townhome median sales price for December 2022 in Reno was $314,500; a decrease of 2.8 percent from the prior year.

Sparks (including Spanish Springs) had 105 closed sales of existing single-family homes in December 2022; a decrease of 31.4 percent from last year and a 9.5 percent decrease from November 2022. The Sparks median sales price for an existing single-family residence in December 2022 was $495,000; a decrease of less than 3.7 percent from last year and a decrease of 2.9 percent from last month. All sales numbers are for existing “stick built, single-family dwellings” only and do not include condominiums, townhomes, manufactured, modular or newly constructed homes. The existing condominium/townhome median sales price for December 2022 in Sparks was $275,000; a decrease of 4.2 percent from last year. 

Source: Reno-Sparks Association of REALTORS®. Market trends and analysis based on data from the Northern Nevada Regional MLS through the end of each month. Due to timing of data entry into the MLS, data shown may be different than previously reported.