It’s becoming increasingly difficult to ignore all of the good news about the Las Vegas housing market. Brian Wargo writes:
May home sales are up 29 percent over May 2007 and prices increase[d] fo the first time since last summer…
He also notes that May sales were 13% higher than April sales, and mentions what almost no one has picked up on: median price of homes in May was higher than in April. I.e. Prices in Las Vegas are going up.
Furthermore:
May marks the fifth straight month sales have been higher than the month before…
The article isn’t 100% accurate though. Wargo republishes the highly misleading GLVAR inventory numbers that include units in contract as “inventory”. We’ve talked at length about how wrong this is.
June 19, 2008 at 4:12 pm
[...] See this posting for more. [...]