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Resale Market Slows

Diana Heeb Bivona

Home Builders Research is reporting that the number of resale homes sold in the Las Vegas Valley continues to decline, while the price for resale homes sits around $280,000. Resale transactions for February show a year-to-year decline of almost 11%.

However, all is not negative. The report also indicates that new houses continued to show modest gains over the previous year. For February, there was a 21% year-to-year increase in new house sales.

For more information, contact MillionSaverHomes.comĀ a local Las Vegas real estate broker at 702.212.3513.

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