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The Las Vegas Housing Market is expected to remain sound and stable

Posted by Julie Wright on Tuesday, January 7th, 2020 at 12:04pm.

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.”

Read more on Vegasinc.

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(702) 919-5400
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