A look at model homes for sale at the Toll Brothers’ first Active Adult Community called Regency at Summerlin on March 3, 2016

Despite an increasingly tight housing supply, the number of Southern Nevada home sales continued to rise in February, the Greater Las Vegas Association of Realtors reported on Tuesday. 

The total number of existing local homes, condos and townhomes sold in February was 2,815, up from 2,676 in February 2016. Compared to one year ago, sales were up 6.5 percent for homes and up 0.4 percent for condos and townhouse. https://lasvegassun.com/news/2017/mar/07/home-prices-continue-to-rise-in-february/?_ga=1.187161640.1292562890.1490153411

Accompanying the tight supply is the continuing increase in prices. The median price of existing single-family homes sold during February through GLVAR's multiple listing service increased to $240,000, up 0.8 percent from January and up 8.9 percent from February 2016. The median price of local condos and townhomes sold in February was $118,000, up 4.0 percent from January, but down 2.9 percent from February 2016. http://www.rosemarielv.net