Las Vegas Builders Selling More New Homes
(Las Vegas, NV) — The housing picture is looking a bit brighter in Las Vegas.
Home Builders Research says 347 new homes were sold in the Las Vegas Valley last month, a nearly 35% jump from April 2011. HBR president Dennis Smith says a growing number of buyers are turning to new developments, as resale home inventory tightens due to Nevada’s “robo-signing” law that limits foreclosures.
The median price of a new home is just over $200,000, up 6% from a year ago.