Home prices continue to inch down from record highs in Southern Nevada, according to the latest report from the Las Vegas Realtors.

The median price of a single-family house sold in the region in September was $470,000, down 2.1 percent from August ($480,000) and from September of last year, according to Las Vegas Realtors, which pulls its data from the Multiple Listing Service. The all-time record median sale price was $485,000, which was set early this year.

LVR President George Kypreos said this is a sign of a “reset” taking place within the local residential real estate market.

“We’re seeing more homes available for sale than we’ve had in some time,” he said in a statement. “We’re also seeing a more balanced housing market. Along with other factors that have been shifting in favor o

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