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Las Vegas Housing Market Springs Forward - Homes and Condos
 The Las Vegas housing market continues turning up the heat along with Vegas temperatures. The most recent figures published by the Greater Las Vegas Association of Realtors were very encouraging for the once-struggling real estate market that is in the middle of a nice rebound.
 “The local housing data keeps getting stronger month after month,” said Top Vegas Realtor Leslie Hoke
 “The latest data shows prices held steady at $205,000 for the median priced home. Along with that, the number of homes sales increased markedly by 37.8% compared to February. Sales generally increase as we move into spring, but this large of an increase is the biggest we’ve seen since 2006. It’s very encouraging,” said Hoke.
 
Las Vegas Homes For Sale With Swimming Pools While sales increased markedly, the number of short sales and bank-controlled sales continues to decline steadily month to month. This is yet another positive indicator that things are returning to normal, and investors are backing out of the Las Vegas market. For March, short sales represented 8.3% of transactions, down from 9.3 in February.
“I’m optimistic that the great month isn’t just an outlier. I’m hoping it’s the beginning of a trend that will continue. All signs are pointing that’s ... more

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