Vegas Median Home Prices Jump Again 180K In July

Vegas Median Home Prices Jump Again 180K In July

WOW!!!!!  LAS VEGAS (AP) — The Las Vegas housing market continues to sizzle, with a new report putting the median sale price of existing single-family homes at $180,000. The Greater Las Vegas Association of Realtors is reporting Thursday that home prices have climbed for 18 straight months. More than half the sales in July — 54.5 percent — were for cash. But that's down from a peak of 59.5 percent in February. The report says the July median home price figure rose 2.9 percent from June, and has jumped a whopping 35.3 percent from a year ago. Association chief Dave Tina says prices are still far below the peak of $315,000 in June 2006. The report puts the median sale price of condominiums and townhomes in July at $91,500. That's up 6.4 percent from June.   ©2013


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Dated: August 8th 2013
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