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February 9, 2019 | Las Vegas Review-Journal | Eli Segall
Las Vegas home prices, as buyers and brokers know, are climbing fast, outpacing major markets and sparking affordability concerns around the valley. But in a sign of just how extreme last decade’s boom and bust was, resale prices still haven’t hit pre-recession peaks, which were reached more than 12 years ago. The median sales price of previously owned single-family homes, the bulk of the market, was $300,000 last month. That’s more than doubled since hitting bottom in early 2012 at $118,000, but it is still below the boom-era peak of $315,000 in mid-2006, according to the Greater Las Vegas Association of Realtors.View Article Newsroom