GLVAR: Home Prices Up 15% in August

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up 15% from last year ago, reports the Greater Las Vegas Association Realtors (GLVAR). “That’s our first double-digit annual price increase since 2005,” saidGLVAR President Kolleen Kelley. Home sale prices have increased for sevenstraight months. There were 17,047 single-family homes listed for sale inAugust, which 23.9% fewer than a year ago.

Median valley single-family home prices reached $138,000 in August, up 15% from last year ago, reports the Greater Las Vegas Association Realtors (GLVAR). “That’s our first double-digit annual price increase since 2005,” said GLVAR President Kolleen Kelley. Home sale prices have increased for seven straight months. There were 17,047 single-family homes listed for sale in August, which 23.9% fewer than a year ago.