Local News

Actions

Las Vegas home prices make rare January jump

Posted at 4:00 PM, Feb 07, 2017

Local real estate agents say that the median price for a single-family home jumped to $238,000 in January.

That is up 1.3 percent from December. It is rare to see an increase in January.

Prices are currently about 9 percent higher now than they were at the same time last year.

Real estate agents also say that the number of homes for sale is shrinking. There are only about 5 to 6 thousand homes on the market currently. That is almost down 25 percent from last year.

Local experts say this is a sign that the local economy is improving.