Las Vegas Home Prices Increase for First Time in Years

For the first time since 2007, the Greater Las Vegas Association of Realtors reports a year-over-year increase in home prices. GLVAR reports first year-over-year increase in home prices since 2007.

Local housing statistics released today by the Greater Las Vegas Association of REALTORS® (GLVAR) showed local home prices increased in April compared to the previous month and increased on a year-over-year basis for the first time in more than three years.

GLVAR President and longtime local REALTOR® Rick Shelton said the median price of a single-family home sold in Southern Nevada during April was $142,000. That’s an increase of 4.4 percent from $136,000 in March and an increase of 0.2 percent from $141,720 in April 2009.

About Stout Law Firm

James Stout has practiced law in Orange County since 1995 and is highly regarded by the business community. He has passed three bar exams, California, Arizona and Nevada.
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