Las Vegas Real Estate Report - October 2011
Home sales in the Las Vegas real estate market edged up just slightly in October, with 23 more units sold than September. Year-over-year sales maintained a strong showing with 2,571 Las Vegas homes sold in October versus 2,165 in 2010 -- an impressive increase of 18.8%. The current available inventory is 45.4% short sales, 34.6% regular sales, and 20.0% bank owned.
The median selling price for single-family homes in Las Vegas is down 7.21% from October 2010 to October 2011. At $118,775, this is the 4th consecutive month under $120,000 after six months in the $120-125,000 range.
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 - September 2011
Las Vegas Real Estate Report - August 2011
Las Vegas Real Estate Report - July 2011
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