Las Vegas and Henderson Homes and Real Estate

According to a report published by MDA DataQuick last month, sales in Las Vegas are up for the year, and prices are showing a slight rise although they are not yet calling it a trend.  The total number of homes and condos sold in June jumped to 4,480 or a whopping 16% from May, but were down from June of last year.  Suprising news is that new homes and condo sales rose a total of 917, a 75% increase from May and a 93% increase from last year.

The median price of a home in Las Vegas is now $136,290, which is an increase of 1.7% from May and 1% for the year.  This news may not sound too exciting compared to appreciation seen years ago, but as a sign of stabilization it may be the best news in years. 

Foreclosures have dropped 27.4% in June 2010 compared to June 2009.  Overall foreclosures have now dropped to around 46% of total sales as compared to 63% in January of this year.