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Southern Nevada home prices on the rise, highest in months

Median price hits $300k in January
Posted: 10:16 AM, Feb 06, 2019
Updated: 2019-02-07 16:55:33Z

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.