Las Vegas Market Update

Las Vegas Stats

LAS VEGAS – Statistics released today by the Greater Las Vegas Association of REALTORS® (GLVAR) show local home prices continued to climb in June while the percentage of buyers paying cash fell to its lowest point in four years.

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GLVAR reported the median price of existing single-family homes sold in Southern Nevada during June was $199,900, up 2.5 percent from $195,000 in May and up 14.2 percent from June of 2013. That’s the highest median home price GLVAR has reported since September of 2008. The median price of existing condominiums and townhomes sold in June was $109,000, up 6.9 percent from $102,000 in May and up 26.7 percent from one year ago.