July Home Prices Reach Milestone
( Las Vegas, NV ) – A milestone for home prices in Las Vegas.
The Greater Las Vegas Association of Realtors reports the average price of a home sold here last month hit $200,000 – the first time that’s happened since the economy went south back on 2008.
That amounts to all of a tenth-of-a-percent bump from June’s average of 199-nine, but GLVAR’s President, Heidi Kasama, says it’s important.
A statement from the group quotes Kasama as saying “This tells you how far we’ve come back from the depths of our downturn a few years ago,” adding that it also shows -quote- “how much room we have before home prices in our area get back to where they were at their peak.”
That peak price was $315,000 in June 2006.