Coldwell Banker Premier Realty

July Closings Disappoint, Prices Rise Moderately,Supply Concerns

A snapshot of July figures
Posted by John McClelland on August 11, 2016 in  homes in las vegas  Las Vegas Residential  median home prices
After a solid mid-year performance, sales have declined as we move out of peak season. Escrow activity also points towards some softer sales in the following month. Listing inventory remains quite low and single family inventory is down nearly four percent. Despite this, pricing has not advanced substantially, perhaps indicating the burst of demand we from the late spring was seasonal and transitory. Meanwhile, most indicators of local fundamentals continue to improve with employment growth of 2.9 percent year-over... read more
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