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Thursday, January 9, 2014

Las Vegas Housing Ends 2013 the Way it Started — Big Annual Price Gains

As prices continue to stabilize in the local housing market, realtors say they expect slower, steadier gains for the year 2014. GLVAR reported Tuesday that single-family resale homes were at a median cost of $184,000 this past December, up from $149,000 in December 2012. We've seen a strong appreciation over the past two years that has been leveling out in recent months. Among the homes sold last year, 62 percent of the transactions consisted of traditional sales, which has nearly doubled that of 2012's count of 37 percent.

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