【World Property Journal】Greater Las Vegas Home Prices, Sales Both Uptick in Early 2020

According to the Greater Las Vegas Association of Realtors, the local housing market kicked off the new decade with home prices and sales increasing from the same time last year, but giving back gains made in December 2019.

GLVAR reported that the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during January 2020 was $305,000. That was down 2.6% from December, but up 1.7% from January of 2019. Meanwhile, the median price of local condos and townhomes sold in January was $175,000. That was down 1.7% from December, but up 2.9% from January of 2019.

"January is usually one of our slowest months for home sales and prices, and this month was a good example of that seasonal trend," said 2020 GLVAR President Tom Blanchard.

After seeing the median local home price in December come within a few thousand dollars of its all-time peak, Blanchard said he still expects that price record to fall sometime this year.
 

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