Positive economic conditions in Nevada were evident in the housing market last year as several key metrics continued their upward trends. Specifically, key indicators such as price appreciation, home selling activity, and non-distressed sales showed notable growth, solidifying the return of a stable housing market as the state enters a new period of rising housing demand.
According to the most recent data from Federal Housing Finance Agency, home prices in Nevada reported positive annual growth that pushed the home price index up by 7.8 percent in the third quarter of 2016, which ranked Nevada as seventh in the nation in year-over-year home price appreciation. That year-over-year growth is responsible for increasing the median home price in Nevada.
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