Las Vegas home prices up 10 percent over last summer

According to the latest report from GLVAR, Las Vegas area home sales and prices continued to post healthy gains in August 2015 compared to the year prior. The median price of homes sold sold during August was $220,000, up 10 percent from the same time last year.

"We're seeing double-digit increases for both the median price and the number of single-family homes being sold here in Southern Nevada," said 2015 GLVAR President Keith Lynam. "At this point, we're well ahead of last year's sales pace, which is good news for local homeowners and the housing market. It remains a fairly balanced real estate market, which is solid news for both buyers and sellers."

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Shawn & Kyle Cunningham
Cunningham Group at RE/MAX Advantage
shawn@cgvegas.com | (702) 823-0855 Shawn
kyle@cgvegas.com | (702) 823-0840 Kyle