Las Vegas Real Estate in May: Sales Decreased Slightly YoY, Inventory Increases

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 Heat Up Heading Into Summer, GLVAR Housing Statistics for May 2016 According to GLVAR, the total number of existing local homes, condominiums and townhomes sold in May was 3,349, down slightly from 3,363 total sales in May of 201 5. Compared to the same month one year ago, 1.6 percent fewer homes, but 4.9 percent more condos and townhomes sold in May. ... By the end of......(read more)

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