Las Vegas home values rise faster than US, report says
Rows of homes are seen from Exploration Peak Park on Feb. 7, 2017, in southwest Las Vegas. (Bridget Bennett/Las Vegas Review-Journal) @bridgetkbennett
A person looks at a price list for $1 million homes at Lake Las Vegas on Tuesday, Dec. 20, 2016. The median sales price of previously owned single-family homes in Southern Nevada rose 8.9 percent in February when compared to February 2016, according to the Greater Las Vegas Association of Realtors. Las Vegas Review-Journal file photo
Southern Nevada home values rose faster than the national average in January, a recent report shows.
The median estimated home value in the Las Vegas area last month was $216,400, up 9.8 percent from a year earlier, according to home-listing service Zillow.
Nationally, the median was $195,300, up 7.2 percent.
All 40 metro areas listed in the report posted a year-over-year rise in home values in January. Nashville, Tennessee led the pack at 12.4 percent, and Virginia Beach, Virginia rose the slowest at 3.2 percent.
Las Vegas’ rate was eighth-fastest, Zillow reported.
