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New Home Sales Up In Vegas Valley

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(photo: Ethan Miller/Getty Images)

(photo: Ethan Miller/Getty Images)

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(Las Vegas, NV) — More people are buying new homes in the Las Vegas Valley.

Home Builders Research says 438 new homes were sold in June, 75 more than a year ago. For the year so far, new home sales in the Vegas area are up 23-percent from 2011.

The median price for a new home last month was just over 194-thousand dollars, down slightly from a year ago. A slowdown in foreclosures has resulted in higher new home sales and rising prices for existing homes.

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