2014 Year In Review - Real Estate Market Conditions
This blog post offers a statistical summary of 2014 by showing how the markets have changed from 2012, 2013, and 2014 as well as some thoughts and considerations for how our local real estate markets will perform in 2015.
The information and tables below are in summary form. To see charts of this information and more, please review The Greater Reno-Tahoe Real Estate Report.
The median price for all local markets continued to rise for 2014 compared to 2013. The rate of appreciation slowed and the median price rose about half as fast as prices were rising in 2013 compared to 2012. The table below shows the median price trend for key local markets from 2012 to 2014 with the rate of…