Tuesday, July 17, 2012

Las Vegas Real Estate Report

During the second quarter of 2012, home sales decreased from 2011 by 628 sales. In April we saw a decrease of 45 sales, in May we saw an increase of 95 while June decreased by 678 properties. Home prices have continued to increase every month in the second quarter. We have seen a total increase from the second quarter of 2011 by 6.72%. We continue to see an increase in short sale closings from 2780 to 3766, which is a 35.5% increase. REO closings have decreased from 5568 to 3757 in the 2nd quarter, which is a decrease of 32.5%. Resale transactions have increased from 3655 to 4092, which is an 11.6% increase