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

Las Vegas real estate market update and resale home sales for October 2008.  Do we see light at the end of the tunnel?  Home prices seem to have reached the lowest and month to month sales have increased.

Big housing market new this past month was the low amount of only 329 new building permits for North Las Vegas, Henderson and Las Vegas, Nevada.

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Las Vegas real estate market update and resale home sales for September, 2008.  Falling home prices and a big drop in sales shows a continued weakening of the residential real estate market.

New homes sold in Las Vegas, Nevada for the third quarter was 2,545 units.  Year to date showed a decrease of 50 percent or 2,546 new homes.  The strongest quarter with 11,198 sales was registered in the fourth quarter of 2005.

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Las Vegas real estate market update and resale home sales for August, 2008.  Residential foreclosures and short sales account for nearly 80 percent of residential real estate sold on the multiple listing service.

Las Vegas home sales through August equal 18,720 homes a decline of two percent.  New homes sold equal 7,324 units or a decrease of 48.3 percent year to date.  August had a total of 829 new homes sold in Las Vegas, NV.

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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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