Las Vegas Valley home values are outpacing most of the country with a sturdy rise in local home prices. According to a new report from housing data firm Zillow, the median home value in July was $151,600, up 31 percent from just a year earlier. Among the 30 markets tracked in this report, Las Vegas' year-to-year growth rate was second-place to Sacramento's 33 percent price jump. Zillow also reported that national home values have risen to $161,600 as the median value, indicating an increase of 6 percent over the past year.
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Source: VEGASINC.com
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