LAS VEGAS (KTNV) — Home prices in Southern Nevada are on the rise and have hit the highest point since September. That's according to a new report from the Greater Las Vegas Association of REALTORS (GLVAR).
The GLVAR says the median price for existing single-family homes sold in Southern Nevada during January was $300,000.
That’s up 13.2% from $265,000 in January of 2018.
Until hitting a plateau in recent months, local home prices had generally been rising since early 2012, inching closer to their all-time peak.
According to GLVAR, the median price of existing single-family homes sold in Southern Nevada peaked at $315,000 in June of 2006.
Local home prices hit a post-recession bottom of $118,000 in January of 2012.