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Home Prices Continue Double-Digit Climb

LAS VEGAS (AP/KXNT) — Statistics released Tuesday by the Greater Las Vegas Association of Realtors show the median home price in southern Nevada in June was $175,000. That’s up nearly three percent from a month earlier, and up almost 33 percent from a year ago.

Inventory remains short, although the group says the number of homes for sale without a pending offer is up 16 percent from last month.

Association president Dave Tina says he expects home prices to keep rising in coming months, but at a slower pace. He says the bump in the number of available homes on the market is welcome news as buyers struggle to find the homes they want.

 

Copyright 2013 The Associated Press.

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