Las Vegas home prices touch post-recession high

A Monday report showed continued improvements in Southern Nevada’s market for single-family resale homes. Local real estate research firm SalesTraq reported that the median price for an existing single-family home reached $212,568 in April, up 10.7 percent from April 2014 and a post-recession high. The median price fell below $120,000 during its recession-era bottom in January 2012. Also, resale supply remained low in April, at 2.7 months of inventory, SalesTraq reported. A balanced market has about six months of supply.