Las Vegas Market Update – May 2011

Happy Mother's Day Weekend! Single family residential (SFR) closings for April were down 9%from March but 4.5% better than April 2010. The median sales price of an SFR dipped further to $125,000.  Yet, the average closed sales price increased slightly from last month. Homes in the South, Northwest, and Summerlin enjoyed noticeable higher average closing …

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