Las Vegas, NV (KXNT) – The Las Vegas real estate market has seen some wild swings over the past few years. Record high median prices of recent years gave way to falling prices recently, as rising interest rates and a larger inventory of available homes became the norm.
According a new report released Thursday by Las Vegas Realtors, things have stabilized…at least for a month.
According to LVR, the median price of a previously existing single-family home in March was $425,000, pretty much what it was in February. For condos and townhomes it was $260,000.
LVR says one thing that could lead to prices rising again is that homes are selling a little bit quicker than in previous months when interest rates began to rise.