LAS VEGAS, Nev. (FOX5) – Las Vegas Realtors just released the latest housing report. It shows local home prices starting to drop, not by too much though.
The median price of a single-family home was $480,000 in April. That’s down about $5,000 compared to the record high set in the past three months.
The price of condos and townhomes is also down, with an average price of $302,000.
Experts say these numbers show the local housing market is starting to become more balanced with stable home prices and more homes on the market for buyers.
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