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New Median Home Price In Las Vegas Is 280k

New Median Home Price In Las Vegas Is 280k

The median Las Vegas resale house cost about $280,000 in March - up 15.7% from a year ago.

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That's the most recent estimate from the Greater Las Vegas Association of Realtors.

GLVAR also noted that prices were up 1.8 percent from the previous month. The organization pulls the numbers from its Multiple Listing Service, so that may not include transactions between private parties that didn't hit the MLS.

Townhouses and condos were up even more -- 30.1 percent from a year ago, with median price of $160,000. GLVAR also said that 89 percent of condos/townhouses and 82 percent of detached houses sold within 60 days.

And now is when the home-buying season traditionally cranks up in Las Vegas. That generally last until half-way through summer, when families are trying to get into new homes before public schools begin their year.

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Hal DeKeyser Headshot
Phone: 602-316-6863
Dated: April 7th 2018
Views: 17
About Hal: Hal DeKeyser first began to help families find their dream homes in 2005 and is licensed in real est...

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