While the median home price in the Las Vegas area has increased in the past year, the number of homes for sale has decreased.
According to the report from Zillow, there are 15.9 percent fewer homes in the Las Vegas metropolitan area in October 2018 compared to the year before.
The median home value is $276,000, up 14.7 percent from last October. Las Vegas, along with San Jose, California, saw the strongest home value appreciation.
The median rent also rose 1.5 percent over the past year to a median of $1,312.