Even as sales fell during June, Nevada's housing market showed improvements in inventory and a continued increase in median house prices. According to recent numbers from the Greater Las Vegas Association of Realtors, Nevada closed out the first half of 2014 with steady home price gains. The median price of a single-family resale in June was $199,900, up 14.2 percent from one year earlier. This median price is the highest reported by GLVAR since September 2008. The median price for existing condos and town houses also jumped an even higher 26.7 percent year over year to a notable $109,000.
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Source: REVIEWJOURNAL.com
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