Las Vegas home market finds an even keel

A house is shown for sale Tuesday, Feb. 9, 2016, in Las Vegas.

Las Vegas house prices stayed largely flat again last month, a new report shows, in yet another sign of the market’s ongoing cool-down.

The median sales price of previously owned single-family homes in Southern Nevada in April was $220,600, up 0.3 percent from March and 3.8 percent year-over-year, according to the Greater Las Vegas Association of Realtors.

Buyers picked up 2,818 single-family homes last month, up 1.3 percent from March and 2.4 percent from April 2014.

The GLVAR reports data from its listing service, which largely comprises previously owned homes.

Altogether, the median sales price of used single-family homes — the bulk of Las Vegas’ for-sale housing market — has hovered around $220,000 since June 2015.

The flattening comes after years of wild price swings. In the past decade or so, prices soared with the housing boom, crashed with the bust, shot up again as investors bought cheap homes in bulk to turn into rentals, and then slowed again as investors backed out.

Resale prices for Southern Nevada single-family homes grew 24 percent in both 2012 and 2013, 10 percent in 2014 and 6 percent last year, GLVAR data show.

Real Estate