According to Greater Las Vegas Association of Realtors (GLVAR) stats, southern Nevada has seen four straight months of increaced home sales. A slight decrease in the median price of house, condos and townhouses, was also seen. The decrease is attributed to bank-owned properties and short sales. More than half the homes sold in southern Nevada are bank owned or short sale properties. The likelihood of it being a better buyer's market in the future is slim to none. If you are thinking of purchasing a home or investing in some property now is the time!
- Total number of single family homes/condos/townhouses sold in April was 2,006. That's up almost 22% from March (1,478). These figures are UP almost 17% in one month!
- The median price of a house is currently $235,875 a decrease of 3% since March 2008
- The median price on a condo/townhouse has decreased 4.9% from March to April 2008 to $155,000.
- Lisings on houses, condos and townhouses have increased approximately 1% with a total of 28,315 currently for sale
All information is per the GLVAR MLS service and is deemed accurate but not guaranteed.