Las Vegas Homes Sales Figures And Las Vegas MLS Numbers For November
Friday, December 8th, 2006
Greater Las Vegas Association of Realtors, reports homes for sale in Las Vegas real estate inventory on the Multiple Listing Service in Las Vegas declined to 19,729 in November, down 16 percent from the previous October real estate in Las Vegas, Nevada inventory.
The amount of Las Vegas homes is still up nearly 34 percent from a year ago, but the number appears to have peaked in October at 23,474, a good sign for the local housing market.
The current housing market is a different environment. The market has changed. Las Vegas real estate sellers are not going to attain the results of 2004. The market has changed.
Las Vegas home sales continue to decline. Las Vegas real estate agents sold 1,547 single-family homes in Las Vegas in November, down 36.6 percent from a year ago. Median prices are stable at $308,000, off by less than 1 percent.
The number of new Las Vegas mls listings also declined in November to 4,043, down 21.1 percent from 5,125 in October. Additionally, there are more than 3,400 homes for sale in pending escrow.

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