Las Vegas home sales surge, measuring up to pace of boom years

Las Vegas homeowners are selling their buildings at the fastest speed since the boom years, however costs stay well below that time, a brand-new report shows.

An overall of 18,912 single-family houses and condos were sold in Southern Nevada in the first half of 2015, the most for the January-June amount of time because 2006, according to RealtyTrac.

The typical sales price last month was $173,000, down 42 percent from a peak of $300,000 in December 2006.

Meanwhile, 12.3 percent of houses sold in July were in the repossession process but not yet bank-owned, below 16 percent a year earlier.

Nationally, 1.34 million houses were offered in the very first half of the year, the most for that window given that 2007, and 6.4 percent of homes sold last month were in the repossession process, below 8 percent a year earlier, RealtyTrac reported.

Leave a Reply

Your email address will not be published. Required fields are marked *