Las Vegas Real Estate in May: Sales down 49% YoY, Inventory down 22% YoY

Note: Las Vegas saw a significant decline in visitor and convention traffic due to COVID-19 in the 2nd half of March and in April. This report is for closed sales in May; sales are counted at the close of escrow, so the contracts for these homes were mostly signed in March and April . The Las Vegas Realtors reported Southern Nevada home prices holding their ground during crisis, LVR housing statistics for May 2020 LVR reported that a total of 2,075 existing local homes, condos and townhomes were sold during May – the second full month since Nevadans were ordered on March 17 to "stay home for......(read more)

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