Las Vegas Real Estate in December: Sales Increased 20% YoY, Inventory Down

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 Local Home Prices and Sales End 2015 Up From 2014 According to GLVAR, the total number of existing local homes, condominiums and townhomes sold in December 2015 was 3,290, up from 2,734 in December 2014 . Compared to the previous year, 20.4 percent more homes and 20.0 percent more condos and townhomes sold in December 2015. ... By the end of December, GLVAR reported 7,224 single-family......(read more)

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