Listen Online - Listen on Mobile Radio.com | Mobile App Info

Realty Group: Vegas-Area Home Prices at $236,000 in July

LAS VEGAS (AP) — A realty group says median home prices in southern Nevada are continuing to rise, inching up to $236,000 in July.

The increase was less than 1 percent, but the Greater Las Vegas Association of Realtors reported Tuesday that the median sale price of existing single-family homes rose from $235,000 in June.

The figure is up 7.3 percent from $218,000 a year ago.

Condominium and townhome prices remained steady at about $115,000 — the same as last month and last year at this time.

Association president Scott Beaudry says a tight housing supply is continuing to push prices up.

The organization says about 3,400 existing local homes, condominiums and townhomes were sold in July.

That was down from about 3,800 in July 2015.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Las Vegas

Get Started
Introducing Your New Podcast Network Play.it

Listen Live