Home Sales in Las Vegas Drop

Posted: July 6, 2010 Posted by: DSNews

A decline of foreclosures resales and the fading out of the federal homebuyer tax credit, caused May home sales in Las Vegas to decline 3.3% below last year's level.  MDA DataQuick said this was the second-lowest home sales total for the month of May in 10 years, following behind May 2008.

Despite the number of home sales declining, the median price paid in May remained flat.  The price for all new and resale houses and condos sold in May was $134,000, compared to $135,000 in May 2009.


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