Las Vegas Real Estate in May: Sales Decreased 2.5% YoY

This is a key distressed market to follow since Las Vegas has seen the largest price decline of any of the Case-Shiller composite 20 cities. The Greater Las Vegas Association of Realtors reported GLVAR reports steady home sales and prices with tight housing supply According to GLVAR, the total number of existing local homes, condominiums and townhomes sold in May was 3,363, down from 3,450 one year ago . Compared to May 2014, 2.6 percent fewer homes and 2.2 percent fewer condos and townhomes sold this May. ... GLVAR has been reporting fewer distressed sales and more traditional home sales,......(read more)

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