The total number of starter homes for sale in the Las Vegas Valley increased more than any other metro in the country year over year, according to a new study.

Redfin estimates the median sale price for a starter home in the U.S. is approximately $260,508 (a record high) with a mid-priced home starting at around $370,000. Active listings of properties for sale deemed starter homes rose 42.9 percent year over year in the valley, the biggest jump from August of last year out of any metro in the country, beating out Miami (35.8 percent) and Seattle (33.7 percent).

The company defines a starter home as any property for sale that falls within the 5th to 35th percentile, on the lower end of the price range in a market, compared to mid-price homes (35th to 65th percentile) and high-price homes

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