Southern Nevada home prices rise

Published 02/08 2016 05:30AM

Updated 02/08 2016 05:30AM

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Southern Nevada real estate agents say the area's median home price was $219,000 in January.

The Greater Las Vegas Association of Realtors reported Monday that the median home price is up 9.5 percent from the same time a year ago.

Association president Scott Beaudry said he expects the southern Nevada housing market to be stable in 2016 like it was last year. But he said the area still struggles with a low supply of houses and too many underwater homeowners.

The total number of homes sold in January was more than 2,300, up from about 2,200 a year ago.

Median home prices remain between their June 2006 peak of $315,000 and their January 2012 trough of $118,000.

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