Northern Nevada’s housing market slowed from last year’s rapid pace but showed signs of stability in the first quarter of 2026, according to a report released by Sierra Nevada Realtors.
The report, covering Carson City and Churchill, Douglas, Lyon, Storey, and Washoe counties, excluding Incline Village, shows a market adjusting rather than declining, with modest price shifts, longer timelines, and steady or rising sales in several regions.
Washoe County remained the region’s anchor, topping 1,000 closed sales for the second consecutive quarter. Median prices rose 1.7% to $580,000, while homes went under contract in a median of 22 days, largely unchanged from a year ago.
Carson City saw sales drop 16% and time on market increase to 30 days, though sellers received a higher share of asking price, indicating more deliberate but still competitive transactions.
In Lyon County, all major indicators improved, with prices, sales, and seller returns rising, while the number of days to contract dropped sharply. Churchill County posted the region’s largest increase in sales volume, up 26%, while prices remained stable.
Douglas County recorded a 24% jump in closed sales despite a 6.4% decline in median price, suggesting increased buyer activity at slightly lower price points. Storey County data remained volatile due to low transaction volume, though price per square foot increased.
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