Las Vegas Real Estate in March: Sales up 6.5% YoY, Inventory down 17% YoY

Note: Las Vegas will probably see a significant decline in visitor and convention traffic over the next several months due to COVID-19.  This will likely have a significant impact on local real estate.  Sales in March were solid, and prices were at a new high, however sales are counted when at the close of escrow, so the contracts for these homes were signed in January and February.  The impact from COVID-19 will be in future months . The Las Vegas Realtors reported Southern Nevada home prices set new record in March despite coronavirus crisis; LVR housing......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2Rk4TFI
via IFTTT