Las Vegas Real Estate in June: Sales down 19% YoY, Inventory down 31% YoY

This report is for closed sales in June; sales are counted at the close of escrow, so the contracts for these homes were mostly signed in April and May. 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 2,934 existing local homes, condos and townhomes were sold during June – the third full month since Nevadans were ordered on March 17 to "stay home for Nevada." Compared to the same time last year, June sales were down 15.1% for homes and down 35.0% for condos and townhomes. However,......(read more)

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