Aerial view of Las Vegas, Nevada
U.S. Air Force photo by Staff Sgt. Andrew D. Sarver via DVIDS
(Chris Woodward) – Home prices in Las Vegas continued upwards in April, according to new data from Las Vegas REALTORS.
The median price of existing single-family homes sold in southern Nevada was $469,000. That’s down from a record $482,000 in May 2022, but up from $430,000 in April 2023.
The organization also says condos and townhome prices hit a record high last month. The median price of condos and townhomes sold last month was $290,000, a 7.4% increase from April 2023 and well beyond the $287,000 record set in August 2022.
According to LVR, 2023 was the slowest year for existing home sales since 2008. In 2023, there were 29,069 home, condo and townhome sales were reported, down from 35,584 in 2022. The year prior, 50,010 properties were sold.
By
Chris Woodward | The Center Square
