Las Vegas homes sales figures and Las Vegas mls figures show single family homes inventory reduction for December. The Greater Las Vegas Association of REALTORS or GLVAR reported the inventory of townhomes, condos and homes in Las Vegas, Nevada real estate for December, 2007 reached 22,005 homes listed. This is a decline of 1,489 or 6.3 percent from the November amount of 23,494 listed homes for sale in Las Vegas, NV. This is a welcomed decline in listing from August. Real estate inventory has increased 23.4 percent Dec 2006.
The Las Vegas mls shows a medium price of a single family home is $260,000 or a year to date decrease of 15.1 percent.