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Vegas House Price Growth Trailed Nation In 2019

Thursday, February 27, 2020   /   by Ken Couture

Vegas House Price Growth Trailed Nation In 2019

Southern Nevada home price growth trailed the national average in 2019.

Housing prices in the Las Vegas market saw a growth rate of 2.9% in 2019, one of the slowest rates in the nation.

Phoenix led the Top 20 markets with a growth rate for home prices of 6.5%.

The year-end numbers weren't seen as a surprise, as sales went down and more inventory came on the market.

That trend seems to be changing a bit lately, though, as Las Vegas Realtors (formerly the Greater Las Vegas Association Of Realtors) says home sales in December and January were up 22 and 25 percent, respectively, from the same month one year ago.