Listen Online - Listen on Mobile Radio.com | Mobile App Info

Home Sales, Prices Up; Inventory Rises

Another grab bag of results on the housing front, as home sales and prices rebounded slightly from January to February, 2011.  At the same time, the inventory of homes for sale increased to just over twenty-two thousand, the Greater Las Vegas Association of Realtors reported today.

Realtors sold 2,591 single-family homes during the month, which is a 3.3 percent increase from the previous month and 8.4 percent increase from February 2010. The median price was $128,000, down almost 6 percent from a year ago.

Housing analysts continue to predict further declines in valley home prices as foreclosures and short sales continue to dominate the market.

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Las Vegas

Get Started
Introducing Your New Podcast Network Play.it

Listen Live