GLVAR: Homes Sales Up, Prices Down

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GLVAR Homes Sales Up, Prices DownLocal home, condo and townhome sales were brisk in the third quarter, aided by bargain prices that were cheaper than last year, said the Greater Las Vegas Association of Realtors (GLVAR). September single-family home sales grew by 15.5 percent, compared to last year, while sales of condos and townhomes increased by 8.7 percent. The total number of local homes, condominiums and townhomes sold last month was 4,108, which is the second best month ever for existing home sales in Southern Nevada. At the same time, September’s sales total was up from 3,603 sales one year ago. Median single-family home prices last month were $123,400, up 2.8 percent from August, but down 8.6 percent from a year ago.
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