Las Vegas Home Prices Jump Over 30%

Single-family home prices in Las Vegas made another double-digit year-over-year leap in August, increasing 31.9% to a median home price of $182,000. Prices for condos and townhomes increased 33.6% to $65,000, making August the 19th straight month that prices have increased over the prior year.

Traditional single-family home sales (those that do not involve foreclosure or a short sale) also increased in August, jumping to 67% of all sales. Short sales with a median home price of $148,000 and median foreclosure price of $157,000 stayed at around 25% and 8%, respectively, of all sales.

Read more at the Las Vegas Review-Journal