the republic logo

Median Vegas-area home prices reach $200,000 in July for first time since August 2008

bug
Share/Save/Bookmark

LAS VEGAS — Southern Nevada home prices continued their steady climb in July, reaching $200,000 for the first time since August 2008.

The Greater Las Vegas Association of Realtors reported Friday that median home prices ticked up a fraction of a percent since May, and have risen more than 11 percent from July 2013.

Association chief Heidi Kasama calls it a milestone, but notes that median home prices are far below their June 2006 peak of $315,000.

Area median home prices bottomed out at $118,000 in January 2012.

The total number of single-family homes listed for sale on the association's Multiple Listing Service in July was about 13,700.

That was down just under 1 percent from more than 13,800 in June, and just under 3 percent from a year ago.

Think your friends should see this? Share it with them!

All comments are moderated before posting. Your email address must be verified with Disqus in order for your comment to appear.
View our commenting guidelines and FAQ's here.

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Places:

 

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.