Las Vegas home sales increase in March
The March numbers are in from the Greater Las Vegas Association of Realtors and as predicted earlier on Stuccoed, the number of single family residential units sold last month increased over the January and February lull, just like in years past.
While it's true that 19.4% fewer homes sold in March 2006 compared to March 2005, last month saw a 41.1% increase in home sales over February 2006.
So, while everyone was running around throwing darts at the so-called housing bubble, homeowners, buyers and realtors were busy doing what they do - buying and selling homes.
Time on the market for units sold remains relatively unchanged from both last month and the same period (March) last year.
The award for highest number of units sold, 277 to be exact, goes to the city of North Las Vegas with an average selling price of $304,789. The highest selling price, also an active market with 168 units sold, goes to Henderson, south of Lake Mead (the Anthem area), with an average selling price of $633,842.
Our prediction for April: a gradual increase over March, just like in years past.
