Sales of homes in Las Vegas dropped in August, but prices went up.
Las Vegas Realtors reports that the median price of a single-family home was a record $335,000, up 1.5 percent from July and 9.8 percent from August of last year.
Sales were down 12.5 percent from July.
Townhomes and condominiums went for a median price of $185,000 in August, which was up 4.5 percent from August 2019.
The report said the housing market is benefitting from strong demand, historically low mortgage interest rates, and tight inventory.