Median Home Prices Up to $218K

Southern Nevada real estate agents say the area’s median home price has climbed to $218,000 in July.

The Greater Las Vegas Association of Realtors reported Monday that the median home price is up less than 1 percent from June but up 9 percent from the same time a year ago.

Association president Keith Lynam said home prices aren’t growing as quickly as they have in the past few years, but are still rising. He said it was a good sign that more homes are selling this year than last year.

The total number of homes sold in July was more than 3,800, up from about 3,300 a year ago.

Median home prices remain between their June 2006 peak of $315,000 and their January 2012 trough of $118,000.