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Las Vegas Region December Home Sales 2012
Las Vegas-area home sales fell on a year-over-year basis for the seventh consecutive month in December as buyers struggled with a tight inventory of homes for sale and foreclosure resales continued to dwindle. The median sale price -- boosted by both price appreciation and the market's shift toward more mid- to high-end transactions -- rose to the highest level in nearly four years, a real estate information service reported.
In December, 4,476 new and resale houses and condos closed escrow in the Las Vegas-Paradise metro area (Clark County). That was up 8.0 percent from the month before and down 7.6 percent from a year earlier, according to San Diego-based DataQuick. The firm tracks real estate trends nationally via public property records.
The region's sales typically rise between November and December, with that gain averaging 12.3 percent since 1994, when DataQuick’s complete Las Vegas area statistics begin.
December's total sales were the lowest for that month in four years and were 8.4 percent below the average number of homes sold during all months of December since 1994. However, if newly built homes are excluded, sales were above average. Resales of houses and condos combined were 23.1 percent higher than average for the ... more

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