Las Vegas Home Prices Still Rising
(Las Vegas, NV) — Southern Nevada’s housing market started 2013 in much the same way it ended 2012, with rising prices and a tight supply.
The Greater Las Vegas Association of Realtors says the median price of a single-family home in Southern Nevada rose in January to $150,000, up 0.7% from December and up 27% from a year ago.
Traditional sales accounted for more than half of all deals last month, with short sales accounting for about 36%.
Realtors have a six-week inventory of homes, but the association says that’s not enough to meet demand.