Las Vegas Real Estate in August: Sales down 9% YoY, Inventory down 36% YoY

This report is for closed sales in August; sales are counted at the close of escrow, so the contracts for these homes were mostly signed in June and July. The Las Vegas Realtors reported Southern Nevada home prices rise again, though fewer homes are selling; LVR housing statistics for August 2020 LVR reported a total of 3,594 existing local homes, condos and townhomes were sold during August . Compared to the same time last year, August sales were down 8.1% for homes and down 10.8% for condos and townhomes. ... By the end of August, LVR reported 4,639 single-family homes listed for sale......(read more)

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