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Las Vegas Builders Selling More New Homes

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(Photo by Ethan Miller/Getty Images)

(Photo by Ethan Miller/Getty Images)

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(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.

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