New reports show the number of homes languishing unsold on the Las Vegas market is on the rise. Industry observers blame the trend on unreasonable seller expectations based on median prices that gained 25 percent a year in 2013 and 2014 but have since gone flat.
Sales of single-family homes spiked 37.8 percent month to month, to 2,707 units, the Greater Las Vegas Association of Realtors said Tuesday. Closings of condos and townhomes soared 33.7 percent, to 651 units.
Launched 25 years ago this month with the opening of Summerlin Parkway — the massive master-planned community became more than Sin City’s bedroom community.
Judges rule that jurors should have been told defendant Heidi Haischer was refused medical treatment for a broken leg until she signed false documents.
Average home prices in most Las Vegas Valley neighborhoods grew by double-digits in 2014, the second year in a row that values have appreciated in all of the valley’s ZIP codes.
The median price of single-family homes sold through the Greater Las Vegas Association of Realtors’ Multiple Listing Service reached $205,000 in February, up 2.5 percent from January and 7.9 percent from February 2014.
New numbers show that Southern Nevada’s housing market began 2015 on solid footing. Housing prices jumped in January even as the market slowed and fewer homes sold, the Greater Las Vegas Association of Realtors reported Monday.
