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Las Vegas Home Prices Still Rising

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File photo of homes. (photo: Ethan Miller/Getty Images)

File photo of homes. (photo: Ethan Miller/Getty Images)

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LAS VEGAS (AP) — Southern Nevada home prices were up in March, and the number of homes on the market is also on the rise.

The Greater Las Vegas Association of Realtors reported Tuesday that the median home price in March was $195,000, up from $190,000 in February. The price is up more than 21 percent from what it was a year ago.

Almost 3,100 homes were sold in March, up several hundred from February but down several hundred from a year ago.

Association chief Heidi Kasama says an increase in inventory in March is helping buyers who are looking for a home. But she says the number of sales so far this year is down 15 percent from the same time last year.

 

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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