Las Vegas: Home Prices At Highest Level Since March 2009

May 19, 2010

in News

Las Vegas: Home Prices At Highest Level Since March 2009

The price of existing homes in April in Las Vegas rose to its highest level in more than a year, according to figures released by SalesTraq. The median price of existing homes closed in April was $126,000, the highest median price since it was $134,000 in March 2009, the firm reported. The price is $6,000 higher than March 2010. Prices had been expected to increase since foreclosure sales have declined in recent months. SalesTraq reported 4,323 existing home closings in April, 348 fewer than March but 3.6 percent higher than April 2009. The price per square foot of existing homes sold in April was $81.61, a $2.09 increase over March. The price was 4 percent higher than April 2009, which suggests that larger homes closed in April than a year ago. [Read this article]

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