Las Vegas Housing Statistics - September 06

las vegas housing statsAccording to the latest information released by the Greater Las Vegas Association of Realtors (GLVAR), housing prices are still close to the levels of 2005.  The information is based on data collected through the MLS service.  

The median sales price of a single family home was $310,000 in September. Condos and townhomes came in at an even $200,000.  Both property types show a slight decrease, less than 1%.

The total number of homes sold compared to the same time last year was down by 41%.  Condo sales were also down by 14.5%. The total number of homes for sale reached 20,815, a new record. Despite the slowdown, 55.4% of homes and 61.4% of condos sold within 60 days.

For more information about the Las Vegas housing market, visit our Las Vegas Real Estate website at lvrealty.net.-cr

 

 
Posted by Jacqulyn Richey - Las Vegas Real Estate on 12/03/2006 04:58 PM   Comments (1)    

1 Comments on Las Vegas Housing Statistics - September 06

Down 41%, that is a large drop. Do you think you are near the bottom or will it get worse?

12/18/2006 05:29 PM by Ken Smith (Suburban House Hunters)

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Real Estate Agent: Jacqulyn Richey - Las Vegas Real Estate (Prudential)
Jacqulyn Richey - Las Vegas Real Estate
Las Vegas, NV
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Prudential

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The inside information blog about the Las Vegas real estate market.

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