Greater Las Vegas Association of REALTORS or GLVAR reported the inventory of townhomes, condos, and single family homes for sale in Las Vegas, Nevada real estate in March, for the third straight month increased.
The Las Vegas MLS shows 21,287 in March, homes for sale on the multiple listing service, up 22.4 percent from a year ago and an increase from February. Townhomes and Condos for sale in Las Vegas real estate increased up to 6,000 condos and townhomes or 63.5 percent from last March.
Single family homes sales dropped 36.3 percent to 1,605 homes in March from the same month a year ago. Sales of Las Vegas condos were at 341 units down 47.2 percent.
The median price of a single family home sold in Las Vegas real estate went down to $305,000 from a year ago. There was a 3.2 percent decrease.
Home sold in the Las Vegas MLS show that there was an increase from February statistics.
The median price of a condo for sale in Las Vegas, Nevada is $199,900 and is a 2.5 percent decrease from a year ago.
$604.8 million was the total dollar of home sales from a year ago, a 37 percent decrease. Condos and Townhouse sales in Las Vegas, NV were $79.8 million.
The MLS through the Greater Las Vegas Association of REALTORS data doesn’t show FSBO or local builders sold information.
Las Vegas homes sales figures and Las Vegas MLS numbers for March 2007.