Housing statistics released by the Greater Las Vegas Association of Realtors show home prices and sales increased after declining the previous month.
According to the GLVAR, the total number of local homes, condominiums and townhomes sold in September was 4,217. GLVAR President Sue Naumann said that’s up from 4,039 total sales in August.
GLVAR statistics show the median price of single-family homes sold in Southern Nevada in September increased from $135,500 in August to $138,000 in September. Meanwhile, median prices for condominiums and townhomes dipped slightly from $66,288 to $65,720 during the same time period.
This month’s GLVAR statistics include activity through the end of September. The association distributes such statistics each month based on data collected through its Multiple Listing Service, which does not necessarily account for newly constructed homes sold by builders or for sale by owners.
This month’s highlights include:
The total number of local single-family homes sold in September was 3,358, up 4 percent from 3,229 in August.
The total number of condos and townhomes sold in September was 859, up 6 percent from 810 in August.
The total, or gross, number of local single-family homes listed for sale through September decreased 0.9 percent to 20,801, compared to 20,999 homes listed for sale in August.
The total, or gross, number of condos and townhomes listed for sale dropped 6.0 percent from 5,508 in August to 5,180 in September.
For more information, visit lasvegasrealtor.com.