Median Home Price Now $218,000 In Southern Nevada
LAS VEGAS (AP) — Southern Nevada real estate agents say the area's median home price has climbed to $218,000 in July.
The Greater Las Vegas Association of Realtors reported Monday that the median home price is up less than 1 percent from June but up 9 percent from the same time a year ago.
Association president Keith Lynam said home prices aren't growing as quickly as they have in the past few years, but are still rising. He said it was a good sign that more homes are selling this year than last year.
The total number of homes sold in July was more than 3,800, up from about 3,300 a year ago.
Median home prices remain between their June 2006 peak of $315,000 and their January 2012 trough of $118,000.