The number of homes available for sale in Las Vegas jumped in June as the average home price continued to rise, according to the latest numbers from the Greater Las Vegas Association of Realtors (GLVAR).

The median price of an existing home was $175,000 in June, up from $170,000 in May, representing a 2.9% monthly increase and some 32.8% higher than a year ago.

“I think local home prices could continue to appreciate in the coming months, but I think we’re going to see the rate of appreciation slow down at some point,” GLVAR president Dave Tina said in a release. He added: “It was also good to see a nice bump in the number of homes available for sale. We still need more homes on the market to meet the strong demand.”

The number of single-family homes available was 3,828 in June, increasing 16.1% compared to the previous month.

With fewer foreclosures and short sales, ‘traditional’ sellers accounted for a recent high of 60% of all local home sales, GLVAR reported.