Las Vegas Real Estate in May: Sales Down 10% YoY, Inventory down 12%

This is a key former distressed market to follow since Las Vegas saw the largest price decline, following the housing bubble, of any of the Case-Shiller composite 20 cities. The Greater Las Vegas Association of Realtors reported Southern Nevada home prices keep rising, approaching all-time peak; GLVAR housing statistics for May 2018 Prices for existing homes sold in Southern Nevada kept rising through May and are now approaching their all-time peak, according to a report released today by the Greater Las Vegas Association of REALTORS® (GLVAR). ... The low supply may also be slowing......(read more)

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