Las Vegas Real Estate in March: Sales Increased 4% YoY, Inventory Declines

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 Southern Nevada Home Prices and Sales Rise while Supply Stays Tight, GLVAR Reports According to GLVAR, the total number of existing local homes, condominiums and townhomes sold in March was 3,488, up from a strong showing of 3,358 in March of 2015 . Compared to the same month one year ago, 2.8 percent more homes and 8.3 percent more condos and townhomes sold in March. ... By the end of March, GLVAR......(read more)

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