Home prices in Southern Nevada set a new record in September, with the median price for an existing single-family home $337,250, according to the industry group Las Vegas Realtors.
That’s up from $335,000 in August and up 8.8% from the median of $310,000 in September 2019.
Condos and townhomes sold for a median price of $195,500, up 14.3% from September of last year.
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Las Vegas Realtors president Tom Blanchard said the pause during the beginning of the pandemic seems to have pushed the traditional summer sales season into the fall.
He noted that the area does have a housing shortage, with just 4,798 homes listed for sale without an offer last month, down 34.6% from a year earlier.