Las Vegas Real Estate in April: Sales down 33% YoY, Inventory down 16% YoY

Note: Las Vegas saw a significant decline in visitor and convention traffic due to COVID-19 in the 2nd half of March. This report is for closed sales in April; sales are counted at the close of escrow, so the contracts for these homes were mostly signed in February and March . There will be further impacts from COVID-19 in future months. The Las Vegas Realtors reported Southern Nevada housing market feeling effects of coronavirus crisis, LVR housing statistics for April 2020 The total number of existing local homes, condos and townhomes sold during April was 2,411 . Compared to the same time......(read more)

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