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Las Vegas Region May Home Sales 2012
Las Vegas-area home sales rose to a six-year high for the month of May as the number of transactions above $200,000 increased sharply from last year, making up for fairly flat sales for lower-cost properties. With foreclosure resales at the lowest level since late 2007, the median sale price rose above a year earlier for the second consecutive month, reaching a 17-month high, a real estate information service reported.
In May, 4,829 new and resale houses and condos closed escrow in the Las Vegas-Paradise metro area (Clark County). That was up 6.1 percent from a revised 4,550 the month before and up 5.7 percent from 4,570 sales a year earlier, according to San Diego-based DataQuick. The firm tracks real estate trends nationally via public property records.
On average, sales have risen 5.0 percent between April and May since 1994, when DataQuick’s complete Las Vegas region statistics begin. May sales were 0.4 percent below the average number of homes sold during all months of May since 1994, and were the highest for a May since May 2006, when 7,615 homes sold.
Last month 4,246 homes resold (excludes newly built homes), up 5.1 percent from the prior month and up 2.8 percent year-over-year. ... more

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