Valley home prices increased for the fourth straight month in May, as the supply diminished, reports the Greater Las Vegas Association of Realtors. It marks the first time since May of 2005 that single-family home prices increased for four consecutive months. The median price of single-family homes sold in May was $128,000, up 0.1% from $127,900 in April and up 1.6% from one year ago. There were 17,346 single-family homes listed for sale at the end of the month, or 23.8% fewer than a year ago.
