Less Cash Buyers in Las Vegas Housing Market

The Las Vegas housing market is continuing to climb while the percentage of buyers who are willing to pay cash hits its lowest point in 4 years.

“Greater Las Vegas Association of Realtors (GLVAR) reported the median price of existing single-family homes sold in Southern Nevada during June was $199,900, up 2.5 percent from $195,000 in May and up 14.2 percent from June of 2013. That’s the highest median home price GLVAR has reported since September of 2008. The median price of existing condominiums and townhomes sold in June was $109,000, up 6.9 percent from $102,000 in May and up 26.7 percent from one year ago.”

Read more about the Las Vegas local home buyers and the ever so entertaining housing market…

If you are looking for a new home or wanting to sell your current home, please contact a New Home Resource Realtor® today at 702-365-1000. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, Lance Partin and Kathy Paterniti are all here to help!