Las Vegas Home Prices Rise 8.7% to Start 2017
LAS VEGAS – The Greater Las Vegas Association of REALTORS® (GLVAR) reported Tuesday that Southern Nevada home prices started 2017 with a relatively rare January jump while the number of homes available for sale continued to shrink.
The median price of existing single-family homes sold during January through its Multiple Listing Service (MLS) increased to $238,000. That was up 1.3 percent from December and up 8.7 percent from $219,000 in January 2016.
The median price of local condos and townhomes sold in January was $113,500, up slightly from December, but down 5.4 percent from January 2016.
Its good to see January start out strong as this is usually the slowest month of…