(Las Vegas, NV) — Home prices in Las Vegas keep moving in a positive direction.
The CoreLogic March Home Price Index shows in Las Vegas – Henderson – Paradise home prices, including distress sales , increased by 16.3 percent in March 2014 compared to March 2013. Local numbers beat the national year-to-year rate of 11.1 percent increase.
The increases are expected to increase, but at a lower rate. Dr. Mark Fleming, chief economist for CoreLogic says nationally a supply imbalance continues to drive home prices higher, even though transaction volumes are lower than expected.