Las Vegas Real Estate Report - January 2012
Home sales in the Las Vegas real estate market kicked off 2012 with a nice year-over-year improvement. A total of 2,321 Las Vegas homes sold in January versus 2,098 in 2010 -- an increase of 10.6%. The current available inventory is 43.8% short sales, 38.0% regular sales, and 18.2% bank owned.
The median selling price for single-family homes in Las Vegas is down 10.78% from January 2011 to January 2012. At $115,000, this is the 7th consecutive month under $120,000 as distressed inventory continues to exert downward pressure on prices.
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 - December 2011
Las Vegas Real Estate Report - November 2011
Las Vegas Real Estate Report - October 2011
