Las Vegas Real Estate in February: Sales Increased 9% YoY, Inventory Up Slightly

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 Local Housing Market in Good Shape Heading into Spring, GLVAR Reports According to GLVAR, the total number of existing local homes, condominiums and townhomes sold in February was 2,676, up from 2,452 in February of 2015. Compared to the same month one year ago, 7.5 percent more homes and 15.8 percent more condos and townhomes sold in February. ... By the end of February, GLVAR reported 7,328......(read more)

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