Las Vegas house prices continue to rise, setting a record for the fifth consecutive month in October.
The median sales price of previously owned single-family homes was $340,200 up just 1 percent from September’s record but 10.8 percent from October of last year, according to Las Vegas Realtors.
Sales of 3,225 houses last month was down 1.4 percent from September but up 11.2 percent from October 2019.
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Record-low mortgage rates and a shrinking stock of available homes have helped keep the pressure on prices. Demand is still strong, said LVR’s president