Las Vegas Real Estate in October: Sales up 11% YoY, Inventory down 34% YoY

This report is for closed sales in October; sales are counted at the close of escrow, so the contracts for these homes were mostly signed in August and September. The Las Vegas Realtors reported With rising prices and supply not meeting demand, local housing market looking like rest of U.S.; LVR housing statistics for October 2020 "COVID-19 appears to have extended the typical summer buying period by several months," said 2020 LVR President Tom Blanchard, a longtime local REALTOR®. "The continued demand in our housing market is still not being met and is putting upward pressure on home......(read more)

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