Home sales in Las Vegas

The Greater Las Vegas Association of Realtors notes that Southern Nevada home prices rose again in February while sales fell. The culprit continues to be a shrinking housing supply, the group said. Southern Nevada still has less than a two-month supply of existing homes for sale compared to a "normal" six-month supply. The median price for existing single-family homes sold locally during February through its Multiple Listing Service was $275,000. For local condos and townhomes sold in February, the median price of was $150,000 — up 27.1 percent from the same time last year.