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
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.
Author:Brenkus Buyer Phone: 702-752-0044 Dated: February 15th 2014 Views: 2,655 About Brenkus: ...
About Keller Williams Marketplace - Brenkus Realty Network
Rick and Teri Have been top producers for over 30 years in the Southern Nevada and have been ranked in the top 50 agents in the US by the Wall Street Journal out of over 1.3 million agents. They have sold over 7,000 homes in both stable and challenging markets. Their strategies and incredible systems to represent buyers and sellers can not be matched! Sellers enjoy netting top dollar in the least amount of time with their massive marketing and ability to stay ahead of the curve! This Top Producing Team has consistently been in the top 1% of agents Nationally for the last 30 years. They are national speakers and are highly sought after by many who want to get to the next level in their business. They also serve on Professional Standards at the Greater Las Vegas Association of Realtors and are Senior Faculty Instructors. Their list of credentials are endless!
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