The Las Vegas housing market continues to ride a wave of stability as the median price for an existing single-family home in Southern Nevada last month was just under $313,000.
That represents a 6% jump from December 2018 and a rise from about $307,000 in November of last year.
The all-time high for Las Vegas was $315,000 in June 2006, just before the recession that eventually led to area home prices bottoming out at $112,000 in 2012.
“As we begin a new year and a new decade, I think you can sum up the state of the local housing market with two words — stable and sustainable,” Blanchard said. “We ended last year with a fairly strong month of December, which is usually one of our slowest months.”
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