June 2026 Market Minute | Sierra Nevada Properties

Incline Village median up 71.5% to $2.10M

Fernley inventory down 75.2% -- tightest market

Lake Tahoe NV closed sales up 450% YoY

Lake Tahoe NV days to contract surged 160%

4 markets saw price declines

Incline Village median up 71.5% to $2.10M

Fernley inventory down 75.2% -- tightest market

Lake Tahoe NV closed sales up 450% YoY

Lake Tahoe NV days to contract surged 160%

4 markets saw price declines

The Big Picture

Northern Nevada's housing market in May 2026 showed mixed signals with a lean toward price gains. 5 of 9 markets saw price increases. Inventory is compressed across the board -- Reno's months supply sits at just 1.6 months (down 73.3%). Sparks and Fallon and Carson City and Gardnerville were the markets to see price corrections.

Regional Overview

Median Sales Price by Market

Market Detail

Individual Market Performance

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City Deep-Dives

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Side by Side

Full Market Comparison

Market	Median Price	Closed Sales	Days to Contract	Inventory	Months Supply	$/Sq Ft	List Price Recv'd	Income Needed

Supply Analysis

Months Supply of Inventory