Vegas Home Prices Dip In November Break 2year Streak

Vegas Home Prices Dip In November Break 2year Streak

Posted: Dec 10, 2013 11:31 AM PST Updated: Dec 10, 2013 11:47 AM PST
Written by Matt Guillermo - bio | email
LAS VEGAS (FOX5) - After 19 months of gains, housing prices in Las Vegas dipped by about 1 percent in November, an area association of realtors reported Tuesday.According to the Greater Las Vegas Association of Realtors, the median price of a single-family home was $183,000, which dipped from October's $185,000 price.Despite the drop-off, November's price was still more than 25 percent higher than the median price reported in the same month last year.The month-to-month drop broke a streak of gains that began in January 2012."I'm not surprised to see prices go down a bit this month," said GLVAR president Dave Tina. "We may see prices soften a bit more through the winter before hopefully bouncing back in the spring. We've been saying for months that it's very hard to sustain the kind of price increases we've been seeing since 2012."In addition, the realtors' association reported a drop in the total number of existing homes, condominiums and townhomes sold in November. Nearly 2,700 homes sold in November, which was down from October's 3,192 and November 2012's 3,293.You can view complete statistics in Las Vegas area home sales at

Brenkus Buyer Headshot
Phone: 702-752-0044
Dated: December 10th 2013
Views: 1,433
About Brenkus: ...

Property Search

RSS Feed

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

Search Blog

Recent Blogs

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

Other Locations