(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.