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Greater Las Vegas Home Prices Dip in October, First Time in 8 Years

November 07, 2019 / Monsef Rachid

According to a new report by the Greater Las Vegas Association of Realtors, home prices in Southern Nevada stalled to start fall, with fewer homes selling so far this year compared to last year. GLVAR reported that the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during October was $307,000. That's down 1.0% from September but up 4.1% from $295,025 in October of 2018. Meanwhile, the median price of local condos and townhomes sold in October was $171,250. That was down 1.6% from $174,000 in October of 2018.