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Las Vegas Region March Home Sales 2012
Las Vegas Region March Home Sales  
Las Vegas-area home sales rose to the highest level for a March in six years amid a record level of absentee purchases, the most new-home sales since mid 2010, and continued strength in the sub-$200,000 market. The median price paid for a home in the region edged up from February but fell short of the year-ago level by the smallest amount in a year and a half, a real estate information service reported.
In March, 5,020 new and resale houses and condos closed escrow in the Las Vegas-Paradise metro area (Clark County). That was up 18.4 percent from the month before and up 1.4 percent from a year earlier, according to San Diego-based DataQuick. The firm tracks real estate trends nationally via public property records.
A jump in sales between February and March is normal. On average, sales have risen 28.4 percent between those two months since 1994, when DataQuick’s complete Las Vegas region statistics begin. March sales were 2.0 percent above the average number sold during that month since 1994, and were the highest for a March since March 2006, when 8,486 homes sold.
In March, 4,426 homes resold (excludes newly built homes), ... more

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