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.
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.