Las Vegas Home Prices Rise Sales Fall In January

Las Vegas Home Prices Rise Sales Fall In January

LAS VEGAS - Las Vegas home prices rose in January, according to the Greater Las Vegas Association of Realtors (GLVAR). Despite the positive news, home sales fell last month. GLVAR reports the median price of a home sold in January was $185,000, which matched the median sales price in December 2013, but represented a 23 percent increase from January 2013. While prices rose, sales fell.  2,067 homes sold last month - a drop of 13.7 percent from December 2013 and a decrease of 9.5 percent from January 2013. GLVAR President Heidi Kasama says January is typically a slow month for home prices and sales. "For the most part, I think these stable prices are an indication of a fairly healthy housing market. At the same time, we're still dealing with some challenges," she said. Kasama says those challenges include the expiration of the Mortgage Forgiveness Debt Relief Act in December 2013.  Congress has yet to extend that act.


Ivy Beller Headshot
Author:
Phone: 702-526-2298
Dated: February 15th 2014
Views: 2,540
About Ivy: Over 14 years experience in residential sales, land, multifamily and commercial. I am currently the...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Who Endorses Brenkus Realty Network - Who Endorses Brenkus Realty
10 Of The Best Places To See Christmas Lights - 10 Of The Best Places To See
7 Awesome Family Friendly Vegas Outings -      
But First Coffee - Today just so happens to be

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Keller Williams Marketplace - Brenkus Realty Network
2230 Corporate Circle suite 250
Henderson, NV
702-330-3156
702-456-1099

Other Locations