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New Home Sales Slow

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(Photo by Ethan Miller/Getty Images)

(Photo by Ethan Miller/Getty Images)

tate south Tate South
Email Tate at tate.south@cbsradio.com
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LAS VEGAS (AP) — A report shows September new home sales in southern Nevada slowed down, but are still higher than they were last year.

Las Vegas-based Home Builders Research counted 626 new homes sold in September, which is up 6 percent from a year earlier.

That number is down 18 percent from August, which had the highest new-home tally of any month so far this year.

The statistics found the median price of those homes was nearly $270,000, up 35 percent from a year ago.

Officials with the firm say southern Nevada builders sought 490 new home permits in September, which is up 11 percent from September 2012.

They’ve sought over 5,500 permits so far this year, up 25 percent from the same time period last year.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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