Las Vegas Real Estate Report
The Las Vegas real estate market contnued to struggle in August. Year-over-year sales were down 13.2% with 2,306 Las Vegas homes sold in August, compared to 2,658 in the same month for 2009. The current available inventory is 46.2% short sales, 33.1% regular sales, and 20.7% bank owned.
The median selling price for single-family homes in Las Vegas is up 3.8% from August 2009 to August 2010. At $135,000, it marks the 17th straight month in the 130s.
GLVAR deems information reliable but not guaranteed. Information is for MLS areas 201-505.
Previous Las Vegas real estate reports:
Las Vegas Real Estate Report - July 2010
Las Vegas Real Estate Report - June 2010
Las Vegas Real Estate Report - May 2010
Las Vegas Real Estate Report - April 2010
