Las Vegas Home Sales Climb To Highest Level In 17 Months

April 20, 2011

in News

Las Vegas Home Sales Climb To Highest Level In 17 Months

Sales of existing homes in Las Vegas rose to the highest level in 17 months with 5,114 closings in March – a 7.6 percent increase from the same month a year ago, SalesTraq research firm reported. March sales are just shy of the 5,160 closings in October 2009. The last time sales topped 5,000 was in June, toward the end of the government’s home buyer tax credit period. Existing-home sales finished the first quarter at 12,515. “Everybody still has the mindset that the market is in the tank, but the market is as vibrant as it’s ever been,” said David Brownell of Keller Williams Realty in Las Vegas. “To cross the 5,000 mark in March is very significant. It’s huge. There are probably only a handful of months that cross 5,000. To have that in March, what does that mean for June and July? Maybe 5,500?” [Read this article]

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