LAS VEGAS - The Greater Las Vegas Association of Realtors reports home prices rose in November.
The median price of a home sold in Las Vegas was $146,000. That's an increase of 4.3% from October and up 16.8% from November 2011.
While home prices went up in November, home sales decreased. GLVAR reports 2,682 homes sold last month. That's a drop of 10.1% from October and a decline of 15.1% from November 2011.
In a statement, GLVAR President Kolleen Kelley cautioned that local home prices and sales typically drop during the winter months.