Las Vegas Real Estate in July: Sales up 4% YoY, Inventory down 35% YoY

This report is for closed sales in July; sales are counted at the close of escrow, so the contracts for these homes were mostly signed in May and June. The Las Vegas Realtors reported Southern Nevada home prices remain in record territory despite pandemic; LVR housing statistics for July 2020 LVR reported a total of 4,025 existing local homes, condos and townhomes were sold during July. Compared to the same time last year, July sales were up 5.3% for homes, but down 3.3% for condos and townhomes . Sales were up significantly from the previous month. ... By the end of July, LVR reported 4,806......(read more)

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