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Northern Nevada Real Estate: Steady Prices, Tight Inventory
Description
Northern Nevadas real estate market in Washoe County maintained a steady pace in Q1 2026, with median sales prices reaching $580,000, a modest 1.7% increase from last year. Despite tight inventory, homes sold quickly, with a median of three weeks on the market. Interest rates initially dipped to 5.99%, but later rose slightly due to Middle East tensions. Local agents report a stable market, with buyers and sellers adapting to the constraints. Lower interest rates, despite recent fluctuations, could lead to more favorable deals in the future.
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