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Las Vegas housing market up in September
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LAS VEGAS REVIEW-JOURNAL
The Las Vegas housing market showed a slight uptick in September after losing ground in August, the Greater Las Vegas Association of Realtors reported today.
Realtors sold 3,358 homes during the month, a 4 percent increase from August and 20.7 percent increase from the same month a year ago.
The median price for a single-family home rose 1.8 percent to $138,000, a gain of $2,500, though it remains down 29.2 percent from a year ago. Condominium and townhome prices dipped to $65,720, down about $500 from August.
Inventory declined 0.9 percent to 20,801 in September. Excluding contingent and pending sales, the inventory fell to less than a three-month supply with 7,909 units available without offers.
Contact reporter Hubble Smith at hsmith@reviewjournal.com or 702-383-0491.
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Good job, RJ, reporting the month-over-month price INCREASE and reporting that prices have come up a bit, as well as the year-over-year, which will be down for awhile. You can be taught.