The median price of an existing single-family home in Southern Nevada in January was $345,000.
That was unchanged from November and December and remains the all-time high, Las Vegas Realtors said in a report issued today.
It is up 13 percent from a year ago when the median price of a home was $305,000. Condos and townhomes also had a jump from January of last year, up to $193,000 from $175,000.
LVR President Aldo Martinez said the statistics are encouraging since January is usually one of the slowest months for both home sales and prices.
He said the supply for homes for sale remains below the six-month supply considered to be a balanced market, estimating that there is an under one-month supply. He said this is good news for sellers.
