LAS VEGAS-According to statistics released this week by the Greater Las Vegas Association of REALTORS (GLVAR), local home prices bounced back from a one-month lull to increase by 2.8% from September to October.
GLVAR reported that the median price of an existing single-family home sold in Southern Nevada during October was $185,000. That was up 2.8% from $180,000 in September, a month that ended a 19-month run of rising local home prices dating back to February 2012. October's median home price was 32.1% higher than October 2012, when the median price was $140,000.
Meanwhile, the median price of existing condominiums and townhomes sold in October was $100,000, up 5.3% from $95,000 in September and up 38.9% from $72,000 one year ago.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
