Las Vegas used-home prices inched up last month to cap another year of growth, albeit a much slower rate than previous years.
The median sales price of single-family homes in December was $204,000, up 1 percent from November and 10 percent from a year ago, according to a new report from the Greater Las Vegas Association of Realtors.
Owners sold 2,225 single-family homes last month, up almost 10 percent from November but down 7 percent from December 2013.
Prices and sales volume rose month-to-month even though December is a “traditionally sluggish time for the local housing market,” according to the GLVAR.
Las Vegas home prices, sales rise despite sluggish time of year – VEGAS INC.