Median home prices experience largest year-over-year increase in nine years
8 February 2013
Southern Nevada’s housing market began 2013 with mixed results last month, with rising prices, shrinking inventory and an uptick in nondistressed sales. The median price of single-family homes sold in the region in January was $150,000, an increase of only 0.7 percent from December. But it was up 27 percent from a year ago, marking the largest year-over-year jump since at least 2004, according to a report out Friday from the Greater Las Vegas Association of Realtors. For the first time in years, “traditional” sales between a buyer and seller, with no lender calling the shots, accounted for more than ...
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