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Friday, September 26, 2008

Las Vegas Housing Market Stats - August 2008

Single Family Residential:
The number of available homes for sale in August 2008 was 22,710.

The number of new resale home listings in August was 5,302 a decrease of approximately 3.4% over July 2008. This is approximately 8% less than the same time last year.

The number of sold home listings (2,545) decreased by 1.8 percent over July 2008. It was a 93% 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 August 2008 was $210,000. This is approximately 30% less than the same time last year.

Condos/Townhomes:
The number of available condos/townhomes for sale in August 2008 was 5,390.

The number of new condo listings in August 2008 was 1,121 am increase of approximately .1% over July 2008 and a decrease of approximately 15% over August 2007.

The number of condo/towhomes sold in August 2008 was 385. About 39% of these condos or townhomes sold in 30 days or less. The median sold price of the condos or townhomes during August 2008 was $123,000. This is approximately 37% less than the same time last year.

Source: Greater Las Vegas Association of REALTORS.

1 comment:

Ryan Evans said...

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