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Report Shows Las Vegas Housing Prices Slowing

Home prices in Las Vegas rose at their slowest pace in seven years last month.

A new report from the Greater Las Vegas Association of Realtors shows the market may be hitting a downshift amid concerns of affordability.

Housing in Las Vegas has climbed at one of the fastest rates in the country for the past year amid a growing population.

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The median sales price of a home was $300,000 in March and April – still 3.8 percent higher than April 2018.

Prices in April 2018 were a whopping 16 percent higher than April 2017. The report shows the number of sales over the last couple of months have dropped and the inventory of available houses has grown.