InBusiness LasVegas: Housing Market Numbers Improve

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.

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One Response to InBusiness LasVegas: Housing Market Numbers Improve

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