The housing recovery continues to gain steam and momentum in Las Vegas and across the country. Year over year the nation has seen the largest price increases since 2006. Las Vegas home prices increased 20.6% according to the S&P/Case-Shiller index. As foreclosure sales get weened out of the market we are seeing more traditional sales which helps increase the average sales price.
CNN/MONEY article: Home prices post strongest gains in 7 years