Las Vegas Home Prices: Solid and Steadily Climbing

Existing Las Vegas home sales totaled 5,767 in June at a median price of $273,000, a 13.8 percent increase from $240,000 in June 2004. The median Las Vegas real estate price was $300,000, unchanged from May and up 7.1 percent from a year ago. For the year to date, new home sales are up 21 percent to 16,927. The number of available Las Vegas homes for sale on the GLVAR listing service was 15,177 in June, up 30.4 percent from a year ago, including 5,421 new listings. More than half (51.6 percent) of homes sold within 30 days, compared with 48.4 percent in May and 83.8 percent in June 2004.

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