Las Vegas Home Prices Decline 26.8 Percent, Despite Uptick in Sales

The number of homes sold last month was up and so was the median selling price of those homes. But overall, while sales are up significantly from a year ago, prices are down.

The Greater Las Vegas Association of Realtors has released its October report. Single-family home sales were up 5.3 percent. There were 3,535 homes sold in October and 3,358 were sold in September. Sales are up 30-percent from on year ago when much of the market was at a standstill.

According to the report, the median price of homes inched up slightly in October to $139,000 from $138,000 in September. However, the median price of homes is down 26.8 from one year ago. The median price then was $190,000.

Full story is available on Las Vegas Now

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