Median Home Price Up 19.2% in Las Vegas
From Times Wire Reports
The median price of homes in the Las Vegas area rose 19.2% in 2005, with the biggest gains concentrated in the city’s northeast and central areas, not the upscale master-planned suburbs, a research firm said.
“I was saying there would be no crash but prices would hit a plateau,” said Las Vegas-based SalesTraq’s president, Larry Murphy. “This town just keeps blowing my socks off.”
