In Business Las Vegas has published an article on the strong April numbers, but they make the same mistake the Review-Journal did in reprinting the GLVAR’s misleading inventory numbers:
As home prices and interest rates keep falling in the Las Vegas Valley, more and more buyers are snatching up houses.
The Greater Las Vegas Association of Realtors reported May 6 that 1,794 homes were sold in April, a 21 percent jump over March’s 1,478 home sales. The sales are 30 percent higher than April 2007.
In addition, 7 percent more condos and town houses on the Multiple Listing Service were sold in April, compared with March.
For those new to Frothing Developer, see this link for the truth on Las Vegas’ falling inventory levels.