Home Prices Rise in November - 8 News NOW

Home Prices Rise in November

Posted: Updated:

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.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KLAS. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.