The number of homes for sale increase 1.1%, the smallest monthly increase this year the Greater Las Vegas Association of Realtors reported.
Through the same period, the median home price gained 1.7% in August to $299,900. That is down 3.9% from the same month a year ago.
Through August, about half (50.7%) of all single family homes sold within 60 days, compared with 59.1% a year ago.
Has the market hit bottom yet, we are not sure. However, if the price of homes does not continue to slide and rises slightly, like this past month, and if the inventory remains stable we should be bottomed. However, the number of homes for sale continue to increase but the prices have risen, so we haven't bottomed yet.
Design by IMC, Articles by ReSysLV.com © Copyright 2006
Top of Page
|
