GLVAR: Home Sales Up in January

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GLVAR Home Sales Up in JanuaryThere were 3,591 local homes, condos and townhomes sold in January, which is 377 more than last year, reports the Greater Las Vegas Association of Realtors (GLVAR). Single-family home sales increased by 16.8% last month, with median prices of $118,000 or 5.6% less than one year ago. “We continue to sell existing homes at a record pace and at bargain prices,” said GLVAR President Kolleen Kelley. “Our statistics for January also showed that fewer homes were available for sale, especially bank-owned homes.”