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March Las Vegas Market Update

There were 1,478 sales of single family homes in the greater Las Vegas valley in the MLS during the month of March. This is 34.6 percent more than in February and the third straight monthly increase. More than half of those sales were foreclosures or short sales. 773 of the 1,478 sales, 52.3 percent of the total, were bank owned or sold for less than the mortgages owed. There are currently 22,753 houses listed for sale in the MLS. Median prices declined 1.4 percent from February, to $243,169.

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