(Seattle, WA)  –  Home values in Southern Nevada are up.

A new report by the research firm Zillow says the median home price in the valley rose 7% in the third quarter, to just over $121,000.  But home values are projected to grow at a far slower pace over the next year in the Las Vegas Valley, by just one-tenth of a percent.

Nationally, Zillow says home values rose by more than 3% this past year, the biggest gain since 2006.