Las Vegas Real Estate in October: Sales Increased 6% YoY, Inventory Down 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 Report on Local Housing Market Shows Stable is the New Normal According to GLVAR, the total number of existing local homes, condominiums and townhomes sold in October was 3,020, up from 2,861 one year ago . Compared to October 2014, 4.7 percent more homes and 9.2 percent more condos and townhomes sold this October. Lynam said local home sales in 2015 remain ahead of last year's sales pace. For......(read more)

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