Nevada’s foreclosure rate is down to seventh in the nation after dropping about 44 percent year-over-year.
The Las Vegas housing market continues to sizzle, with a new report putting the median sale price of existing single-family homes at $180,000.
Home prices nationwide, including distressed sales, increased 11.9 percent on a year-over-year basis in June, according to the CoreLogic Home Price Index.
Home prices in Las Vegas are keeping up their double-digit climbs.
Las Vegas area home prices, including distressed sales, increased by 25.0 percent in May 2013 compared to May 2012, according to CoreLogic’s May Home Price Index .
Las Vegas home prices showed the second highest increase in the country, jumping 22.3 percent in April compared to one year ago.
High demand and low inventory drove Las Vegas home prices up in May.
U.S. home prices jumped 10.9 percent in March compared with a year ago, the most since April 2006. A growing number of buyers are bidding on a tight supply of homes, driving prices higher and helping the housing market recover.
Nevada led all states with a 22.2 percent gain in home prices for the month of March.
Home prices in the Las Vegas area are up 7.3 percent from a month ago and nearly 31 percent from last year as supply stays short.