The Greater Las Vegas Association of REALTORS reports about real estate from the Las Vegas MLS data that there were 1,666 Las Vegas homes sold last month making that 32.5 percent fewer sold homes than 2005.
Median Las Vegas home sale prices were $306,100 in December 2006 for a 2 percent decline from 12 months earlier. Available Las Vegas homes for sale inventory soared to 17,834 units last month, a 33.3 percent increase than in 2005.
Las Vegas condo and Las Vegas townhome sales saw a similar decline 2006. There were 977 Las Vegas condos sales in December, which was 32.7 percent less than 2005.
Condo and Townhomes for sale in Las Vegas, Nevada real estate listings were 4,833 units for an 86.2 percent increase over 2005. Median home sale prices dropped to $195,000 last month. This was a 4.4 percent decline over 2005.
Record inventory and stable pricing in Las Vegas real estate were reflected in the total dollar value for home sales in December 2006 with $614 million worth of real estate or 33.5 percent less than in 2005. Las Vegas condos sales reported on the Multiple Listing Service in Las Vegas was $86.8 million worth of activity last month, a 32.4 percent decline from 2006.
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Las Vegas homes sales figures and real estate in Las Vegas MLS numbers for December.