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Southern Nevada Home Prices Keep Springing Forward Amid Tight Supply
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Southern Nevada housing market continues to set record prices in 2021
Single-family homes sold for $363K on average in March
Copyright 2021 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Jason Harvey/KTNV
and last updated 2021-04-06 13:22:51-04
LAS VEGAS (KTNV) â A report released Tuesday by Las Vegas Realtors shows local home prices are rising to another record with more homes being sold despite a tight housing supply.
LVR reported that the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service during March was $363,000 breaking the all-time record set in February.
4/06/2021 12:37:00 PM
This report is for closed sales in March; sales are counted at the close of escrow, so the contracts for these homes were mostly signed in January and February. This is the first month where our housing statistics show a year-over-year comparison to the beginning of the pandemic,” said 2021 LVR President Aldo Martinez. “At the rate we’re going, we could see even greater gains in home prices and sales next month, since the housing market stalled briefly last April before roaring back since then.”
LVR reported a total of 4,724 existing local homes, condos and townhomes were sold during March.
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