Las Vegas Real Estate Report - February 2012
Home sales in the Las Vegas real estate improved slightly in February, mirroring last year's results. A total of 2,416 Las Vegas homes sold in February versus 2,167 in 2011 -- an increase of 11.5%. The current available inventory is 44.5% regular sales, 39.6% short sales, and 15.9% bank owned.
The median selling price for single-family homes in Las Vegas is down 5.42% from February 2011 to February 2012. At $117,000, this is the 8th consecutive month under $120,000 as distressed inventory continues to exert downward pressure on prices.
GLVAR deems information reliable but not guaranteed. Information is for MLS areas 201-505.
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