Las Vegas Real Estate in July: Sales down 10% YoY, Inventory down 1%

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 Keep Climbing Amid Tight Supply, GLVAR Housing Statistics for July 2016 "The local housing market is having a pretty solid summer so far," said 2016 GLVAR President Scott Beaudry, a longtime local REALTOR®. "Home prices have been going up gradually. And although we sold fewer homes and condos in July than we did during the previous month and year, sales have been running......(read more)

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