Real Estate Report Details June Home Sales in Las Vegas, NV

Share Article details the 2012 June home sales in Las Vegas, NV in their latest real estate report. The report includes information on the most recent market activity in the Las Vegas area such as data on inventory levels, the latest sales figures and trends for home sales in Las Vegas.

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A recent real estate report details the latest activity and trends in the Las Vegas real estate market. The report includes information on the most recent June 2012 home sales and comparisons to June 2011 sales figures in Las Vegas. The analysis of this data gives buyers and sellers a better understanding of the overall health and trends happening in the Las Vegas real estate market.

Below are some of the key findings for the Las Vegas area:

  •     Total closed home sales in June 2012 were 3,945, down from 4,134 sales in May of 2012 and from 4,540 in June 2011.
  •     The median sales price for single-family homes was up 3% compared to May of this year and up 5.9% from June 2011.
  •     The month of June ended with 16,930 single-family Homes for Sale, down a staggering 25.4% from June 2011. Condos and townhomes were down 29.2% compared to last year.

Last week reported that in June home sale stats showed overall home prices were up in the U.S., though the number of sales was down – and Las Vegas is no exception. Since February prices have been steadily increasing while the number of new homes on the market has been dropping. Like other areas of the country, low inventory levels are a big factor in both the decline in sales and rise in prices.

Fewer distressed homes going up for sale is the key reason for the tightening in inventory. In fact, bank-owned homes dropped from 32.6% of sales in May to 27.8% of al sales in June. As long as this trend holds the Las Vegas area should see sustained price improvement.

Las Vegas Real Estate Market Latest Information and Statistics

County: Clark

Zip Codes in the City: 89101-89104, 89106-89135, 89137, 89138, 89139, 89141-89156, 89158, 89159, 89160, 89164, 89170, 89173, 89177, 89180, 89185, 89193, 89195, 89199
Population: 583,756

Population (Metro): 1,951,269

Total Households (2006-2010): 979,621

Median Value Owner Occupied Housing (2006-2010): $254,200

June 2012 Total Home Sales in the Las Vegas area: 3,945

June 2012 Single-Family Median Sale Price in the Las Vegas area: $131,785

June 2012 Condo/Townhome Median Sale Price in the Las Vegas area: $69,000

Renters vs. Owners (2006-2010): 39.9% vs. 60.1%
Type of Home:
72% Single Family
25% Condo
3% Other

To learn more about the Nevada real estate or search for licensed real estate agents in Las Vegas, NV, please visit:

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Ace Elliott