If you need assistance, please call 702-476-0060

Las Vegas Area Home Prices Up Recently

Wednesday, June 16, 2021   /   by Ken Couture

Las Vegas Area Home Prices Up Recently

Home Prices Up.jpg
The rise in home prices showed no signs of abating in early 2021 across most of the country.

Prices increased 2.30 percent from February to March in the Las Vegas-Henderson-Paradise NV Metropolitan Statistical Area, according to the CoreLogic Case-Shiller Index, one of the leading trackers of the housing market. Prices are up 10.70 percent from March 2020.

Prices in the bottom third (less than $315,000) of the Las Vegas-Henderson-Paradise NV Metropolitan Statistical Area market — often designated as starter homes —increased 8 percent year over year. The top third of the market (homes over $409,000) saw a 12 percent increase.

The number of homes on the market continues to be near historic lows, which has driven prices up. Strong demand for housing among millennials, along with low interest rates, have tightened the market still further. Lumber prices are higher than normal, too, which has pushed up the price of new construction.

Nationally, home prices increased 11.3 percent in March 2021 compared to March 2020, according to the CoreLogic Home Price Index. Home prices were up 2 percent in March compared to February 2021.

Clark County is part of the Las Vegas-Henderson-Paradise NV Metropolitan Statistical Area, a term the U.S. Census Bureau uses to designate areas with strong economic ties. Many MSAs contain more than one county.
 

Follow us on:

FB: Ken Couture Realty Your Home Sold Guaranteed

IG: @kencouturerealtylv

Twitter: Ken Couture

Pinterest: Ken Couture

LinkedIn: Ken Couture Your Home Sold Guaranteed

 

Contact us at:

Ken@CoutureRealtyLV.com

702-476-0060

Couture Realty
Ken Couture
8367 W Flamingo Rd Suite 101
Las Vegas, NV 89147
702-476-0060

UP5DB701E1507748.jpgThe data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. The information being provided is for the consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. GLVAR MLS deems information reliable but not guaranteed. Copyright 2021 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.
This site powered by CINC: www.cincpro.com