Las Vegas-area home prices in September fell from year-ago levels while sales stayed strong thanks to investors snapping up homes at bargain prices, the Greater Las Vegas Association of Realtors reported today.
In a market still influenced by high foreclosure and unemployment rates, the Realtors said the median price of single-family homes sold in September was $123,400. That’s up 2.8 percent from $120,000 in August, but down 8.6 percent from $135,000 one year ago.
The median price of local condominiums and townhomes sold in September was $56,500, up 0.9 percent from $56,000 in August, but down 13.1 percent from $65,000 one year ago.
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