Home prices in the Las Vegas metropolitan area rose by 6.8 percent in April compared to the same month a year ago, real estate analytics company CoreLogic reported Tuesday.
National home prices likewise rose by 6.8 percent over the same period, marking the 38th consecutive month of year-over-year increases. CoreLogic forecast that prices nationally will rise by an additional 5.3 percent from now through April 2016.
Nevada did slightly better than the national average with a 7.7 percent increase in home prices over the past year. But Nevada’s average home prices remain 33.9 percent below their pre-recession peak, representing the steepest drop in the nation.