Las Vegas Homes Median Prices Fall

March 28, 2005 Posted In Economic News Homes Update

According to Larry Murphy of SalesTraq, median prices for existing and new homes in Las Vegas dropped in February from the previous month.

They are still substantially higher than the previous year.

The Las Vegas new home median price in February was $286,805, down 3.9 percent from January’s median price of $298,532.

That is still a 34.7 percent increase from $212,966 in February 2004.

Resale Las Vegas homes median prices dropped to $235,000 after remaining flat at $250,000 for the previous seven months.