Single Family Residential:
The number of available homes for sale in July 2008 was 23,423.
The number of new home listings in July was 5,487 an increase of approximately 3.1% over June 2008. This is approximately 2% less than the same time last year.
The number of sold home listings (2,592) increased by 16.4 percent over June 2008. It was a 96% increase over the same time last year. Approximately 48% of these homes had been on the market for 30 days or less. The median price of the sold homes during July 2008 was $220,000. This is approximately 25% less than the same time last year.
Condos/Townhomes:
The number of available condos/townhomes for sale in July 2008 was 5,538.
The number of new condo listings in July 2008 was 1,120 a decrease of approximately 1.1% over June 2008 and a decrease of approximately 10.8% over July 2007.
The number of condo/towhomes sold in July 2008 was 358. About 39% of these condos or townhomes sold in 30 days or less. The median sold price of the condos or townhomes during July 2008 was $135,000. This is approximately 30% less than the same time last year.
Source: Greater Las Vegas Association of REALTORS.
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