Las Vegas Home Prices Increase for First Time in Years

For the first time since 2007, the Greater Las Vegas Association of Realtors reports a year-over-year increase in home prices. GLVAR reports first year-over-year increase in home prices since 2007.

Local housing statistics released today by the Greater Las Vegas Association of REALTORS® (GLVAR) showed local home prices increased in April compared to the previous month and increased on a year-over-year basis for the first time in more than three years.

GLVAR President and longtime local REALTOR® Rick Shelton said the median price of a single-family home sold in Southern Nevada during April was $142,000. That’s an increase of 4.4 percent from $136,000 in March and an increase of 0.2 percent from $141,720 in April 2009.

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