Inventory of Las Vegas Homes Climbs Along with Prices

According to a recent report from the Greater Las Vegas Association of Realtors, the median sales price of used single-family homes in Southern Nevada was up 2.6 percent from February and 21.1 percent from March 2013. Looking back on the low of $118,000 in January 2012, previously-owned home prices have increased 65 percent since that time, but still remain below the peak of $315,000 in June 2006. The median resale price is expected to hit the $200,000 mark soon as prices continue to climb at quick rates.

Link to the article:
http://www.vegasinc.com/business/real-estate/2014/apr/08/inventory-las-vegas-homes-climbs-along-prices/

Photo: STEVE MARCUS
Source: VEGASINC.com