Housing prices nearing $400K in Las Vegas

LVR (formerly known as the Greater Las Vegas Association of REALTORS®) reported that the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during June was $395,000.

10-PERCENT COMPARED TO 20-20.INCHING CLOSER TO4-HUNDRED-K!NEW THIS MORNING..HOUSING PRICES IN SOUTHERNNEVADA ARE SETTING MORE RECORDS.THE AVERAGE HOME SOLD FOR395-THOUSAND DOLLARS IN JUNE..THIS TOPS THE ALL-TIMERECORD SET IN MAY..EXPERTS SAY PRICES ARESTARTING TO GO ABOVE WHAT MANYLOCALS CAN AFFORD ...THIS COULD SIGNAL A SLOWDOWN IN THE HOUSING MARKET.ANOTHER PROBLEM FOR BUYERSRIGHT NOW IS THE SHORTAGE