Good news coming in today from the Associated Press. Based on the Associated Press numbers, home sales rose 3.6 across the US to a seasonally adjusted rate of 4.89 million.
This reflects an increase from 4.72 million just recorded in May. The increase was across the US – but, all four regions showed an uptick.
On a National basis housing prices are still a bit on the anemic side, but coming back. The median sales price of an existing home is around $181K for the month of June; this is down about 15% from just over a year ago. However, it reflects a very small increase of about 1-2% from the last recorded prices in May.
Here is the Latest Chart from S&P/Case-Shiller Index
Yes, Las Vegas real estate iscertainly part of this positive overall national trend – our market is returning back to normal fundamentals. Please call or contact RE/MAX CENTRAL if we can be of any assistance to you today!
