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Las Vegas Housing Sales, Prices Increase In 2016

LAS VEGAS (AP) — The Las Vegas housing market ended 2016 with more sales and higher prices than in the previous year.

The Las Vegas Review-Journal reports that according to a new report from the Greater Las Vegas Association of Realtors, buyers purchased 2,715 homes in December, up 4.6 percent from November and 1.3 percent from December 2015.

The median sales price for those homes was $235,000, down 2.1 percent from November but up 8.3 percent from a year earlier.

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In all, 10,244 single-family homes were listed for sale in Las Vegas at the end of the year, down 13.4 percent from November and 13.6 percent from December 2015.