Las Vegas Real Estate in December: Sales up 21% YoY, Inventory down 13% YoY

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 GLVAR reports year ended with higher home prices, dip in annual home sales; GLVAR housing statistics for December 2019 According to GLVAR, the total number of existing local homes, condos, townhomes and other residential properties sold in Southern Nevada during 2019 was 41,269. That's down from 42,876 total sales in 2018 and from 45,388 in 2017. The total......(read more)

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