- Associated Press - Thursday, November 6, 2014

LAS VEGAS (AP) - Southern Nevada real estate agents say the area’s median home price dipped below $200,000 in October.

The Greater Las Vegas Association of Realtors reported Thursday that median home prices were down 1.3 percent from September, but up 8.1 percent from the same time a year ago.

Association chief Heidi Kasama says it’s no surprise that home prices are declining and sales are slowing as the holidays draw nearer.

She says sales and prices might go down even further through the winter months.

Home prices remain far below their June 2006 peak of $315,000, but above their January 2012 trough of $118,000.

The total number of homes sold in October was nearly 2,900, down about 100 from September.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2019 The Washington Times, LLC.

Please read our comment policy before commenting.


Click to Read More and View Comments

Click to Hide