Southern Nevada home prices increased in March and are now 30 percent higher than one year ago.Strong demand and a tight housing supply are fueling the price increases, according to a report released Tuesday by the Greater Las Vegas Association of Realtors. The median price of single-family homes sold last month was $161,000 — a 7.3 percent increase from February.The median price of single-family homes sold in March 2012 was $123,000.The median price of condominiums and townhomes sold in March, however, was $80,150, a 2.3 decrease compared with February.
via Las Vegas home prices 30 percent higher than year ago – VEGAS INC.
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