Valley home prices climbed for the fifth straight month in June, reports the Greater Las Vegas Association of Realtors (GLVAR). The median price of single-family homes was $131,785 last month, up 3% from $128,000 in May and up 5.9% from one year ago. “We haven’t seen local home prices go up for this long since 2004,” said GLVAR President Kolleen Kelley. “Banks are putting far fewer homes on the market than they did in past years, resulting in a very tight housing supply that is pushing up prices – at least for now.”GLVAR: Home Prices Up for Fifth Month
Valley home prices climbed for the fifth straight month in June, reports the Greater Las Vegas Association of Realtors (GLVAR). The median price of single-family homes was $131,785 last month, up 3% from $128,000 in May and up 5.9% from one year ago. “We haven’t seen local home prices go up for this long since 2004,” said GLVAR President Kolleen Kelley. “Banks are putting far fewer homes on the market than they did in past years, resulting in a very tight housing supply that is pushing up prices – at least for now.”
