Las Vegas Real Estate Report - December 2011

Las Vegas Real Estate Report - December 2011

Home sales in the Las Vegas real estate market finished the year strong in December, rising 11.7% with 285 more units sold than in November. Year-over-year sales were also up with 2,717 Las Vegas homes sold in December versus 2,563 in 2010 -- an increase of 6.0%. The current available inventory is 45.4% short sales, 35.7% regular sales, and 18.9% bank owned.

The median selling price for single-family homes in Las Vegas is down 8.46% from December 2010 to December 2011. At $118,000, this is the 6th consecutive month under $120,000 after six months in the $120-125,000 range.

GLVAR deems information reliable but not guaranteed. Information is for MLS areas 201-505.


Previous Las Vegas real estate reports:

Las Vegas Real Estate Report - November 2011
Las Vegas Real Estate Report - October 2011