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Home Sale Prices In Las Vegas Drop

Realtors Association Not Worried
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(photo credit: Thinkstock)

(photo credit: Thinkstock)

Nate Tannenbaum Nathan Tannenbaum
Email Nathan at nathan.tannenbaum@cbsradio.com
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( Las Vegas, NV ) - It’s an up and down picture for Las Vegas home prices: down from the previous month, but still way up from a year ago

The latest numbers from the Greater Las Vegas Association of Realtors show a 1.1% dip from October to November where the average price tag on a house was $183,000.

But that’s still way up – 25.3% up – from November 2012.

Total home sales dropped from October to November as well as year-over-year.

The month-to-month drop was 16.2% with just over 2200 homes sold last month. That’s a 17.9% slide compared to November of last year.

The President of the group, Dave Tina, says he’s not overly concerned, calling it a seasonal adjustment. He says home sales usually take a dip as the colder winter months and the holidays approach.

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