By Caitlin Lilly | FOX 5
Home prices in Southern Nevada are approaching their all-time high while the local housing supply remains tight, according to a report released Tuesday by the Greater Las Vegas Associated of Realtors.
The median sales price of existing single-family homes sold in Southern Nevada during September was $310,000, up 3.3% from $300,000 in September 2018, according to GLVAR.
GLVAR’s report noted that the median price of existing single-family homes sold in Southern Nevada is now within $5,000 of the $315,000 peak set in June of 2006 before prices began falling during the recession. Home prices hit a post-recession bottom of $118,000 in January of 2012.
