LAS VEGAS REAL ESTATE | HOMES FOR SALE IN LAS VEGAS | LAS VEGAS NEW HOME

Las Vegas real estate market update and Las Vegas homes sold for July 2008.  Las Vegas home sales in July increased to 2,592 units.  This is the most sold since almost three years ago, Sept. 2005.  The Greater Las Vegas Association of REALTORS reported 23,423 homes remained in inventory.

Due to the high amount of short sales and bank foreclosure homes, inventory has fallen 2.8 percent and reported sales in the mls almost doubled from the same time year to date.

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Las Vegas real estate market update and Las Vegas home sales for June 2008 mls figures show an increase in single family homes for the sixth straight month.  The Greater Las Vegas Association of REALTORS or GLVAR reported residential real estate inventory remaining stable.

The local housing market and economy has benefited from the 50.8 percent increase from year to date sales.  Homes sold in Las Vegas, NV equaled 2,226 units and up from May home sales of 2,026.

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Las Vegas real estate market update and home sales figures show single family homes sold median price show a gain for May 2008. The Greater Las Vegas Association of REALTORS or GLVAR reported Las Vegas residential real estate sales raised for a fifth month in a row.

The real estate market in the valley could be stabilizing according to sales data. For more than a year the local housing market has had some very tough challenges with the credit market and real estate valuation.

The Las Vegas mls showed a medium price of a single family home in May 2008 at $236,692 an increase of 0.3 percent from April. Year to date data showed a decline of 21.5 percent.

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Las Vegas real estate market update and home sales figures show existing single family and new Las Vegas home sales for the first time in 2.5 years, rose from the same month year to date. The Greater Las Vegas Association of REALTORS or GLVAR reported sales of townhomes, condos and homes for sale in Las Vegas, NV real estate for April 2008, fourth consecutive monthly increase.

Total real estate in Las Vegas transactions in the multiple listing service for April totalled more than $510 million in sales, or a 13.1 percent increase.

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Las Vegas real estate market update and home sales figures show existing single family and new homes increased for March. The Greater Las Vegas Association of REALTORS or GLVAR reported sales of condominiums, homes and townhomes for sale in Las Vegas, Neada real estate for March, 2008, declined year to date.

Resale homes escrow closings equaled 1,146 units in March. The total first quarter sales was 2,296 down 44.1 percent year to date.

The Las Vegas mls had a medium price of a residential home at $278,630, or a decrease of 9 percent year to date.

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Las Vegas home sales figures and Las Vegas mls figures show single family homes inventory stable for February 2008. The Greater Las Vegas Association of REALTORS or GLVAR reported the inventory of condos, townhomes and homes in Las Vegas, Nevada real estate for February reached 22,000 listed in the multiple listing service. A decrease of 117 units from the previous month of 22,117 residential real estate units listed for sale.

Resale Las Vegas homes escrow closing fell to 901 units or a huge 59.7 percent drop year to date. The median price for resale homes was $250,000 or down 13.2 percent.

Continue reading Las Vegas Home Sales Figures & Las Vegas MLS Feb Inventory Stabilized