Here's a nice Christmas present. Las Vegas's median home price hit $223,900 in November, according to Ticor Title. That's a 9.4 percent increase over November 2014.
The average home sale price went up too. It clocked in at $273,210. That's an 11.1 percent increase over a year ago. (NB: The median price means half were above and half were below. The average is the sum of all of the houses sold divided by the count. That's why the two numbers are different.
What does this mean? IMHO, the Las Vegas real estate market is finally getting back to normal. Alas, the big bargains are long gone. But that's good news for homeowners who could hold on.
((hugs)) BETH Ellyn
The Las Vegas Real Estate Concierge
Managing State Broker, Nevada
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Author:Beth Ellyn Rosenthal Phone: 702-324-6911 Dated: December 21st 2015 Views: 187 About Beth Ellyn: ...
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