Las Vegas Median Homes Prices Up

In Las Vegas the median price of a home rose to $310,000 in November, a $2,000 increase from the previous month, the Greater Las Vegas Association of Realtors reported last week.

The number of Las Vegas homes available for sale on the Multiple Listing Service dropped 3.5 percent to 14,735 and the number of new listings was down 14.7 percent to 4,078.

The Las Vegas $310,000 median home price is up 12.7 percent from November 2004, when the median price was $275,000, according to GLVAR.