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Reno Median Housing Price Hits All Time High

The residential real estate crunch in Reno has grown worse.

The Reno Gazette-Journal reportsJuly housing prices in Reno exceeded the high from the last housing boom. The median price for a house in Reno in July was over $387,000 – up 8 percent from last month and 17 percent from a year ago. 

The city’s previous high of $380,000 was set in 2006.