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Las Vegas Sun

Las Vegas home prices rise for 8th consecutive month

October 9, 2012

Las Vegas home prices rose for the eighth consecutive month in September, thanks to the valley?s tight housing supply and a record number of short sales. The median sales price of single-family homes last month was $140,000, up 1.4 percent from $138,000 in August and up 13.5 percent from September 2011, according to a report out today from the Greater Las Vegas Association of Realtors. The median sales price of condominiums and townhouses was $70,250, up 2.6 percent from $68,500 in August and up 24 percent from a year ago.

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