Home prices continue to move upward in Las Vegas as the supply of homes available for sale remains constrained, SalesTraq analyst Brian Gordon said Wednesday.Current conditions are more reflective of the boom years, as opposed to the hardest-hit market in the country, he said.The new-home market recorded 602 closings in August, up nearly 60 percent from the same month a year ago. For the past 12 months, new-home sales are up 15 percent at 4,488, SalesTraq reported.The new-home median price also has edged up in recent months, climbing to $204,737 in August, a 3.5 percent increase from a year ago.
via Fewer homes means prices up – Business – ReviewJournal.com.
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