Local home sales up, prices down
By HUBBLE SMITH
LAS VEGAS REVIEW-JOURNAL
Existing-home sales in Las Vegas increased 4.5 percent in February and median prices fell 12.8 percent from the same month a year ago, the Greater Las Vegas Association of Realtors reported.
February’s 2,390 single-family home sales are “fairly solid” for what is traditionally a slow time of the year, Realtors association president Rick Shelton said Tuesday.
Nearly half of those sales were cash-only transactions, suggesting a return of heavy investor activity in Las Vegas. The median price was $135,694, up 0.6 percent from $134,925 the previous month….
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