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Monday, August 17, 2015

Las Vegas Real Estate Market Update July 2015


There were a total of 3,607 Single Family, Condo and Townhomes closed in the month of June.
(Total number of transactions are up by 157 closed transactions from June 2015 to July 2015)
 
Resale: 85.1% or 3,071 (Resale is down slightly from 85.8% or 2,961 in June 2015)
Short Sales: 7.1% or 256 (Short Sales are up from 6.7% or 231 in June 2015)
REO: 7.8% or 280 (REO is up from 7.5% or 258 in June 2015)
 
953 Cash Purchases (This is up by 12 from 941 in June 2015)
1285 Conventional Financing (This is up by 100 from 1185 in June 2015)
991 FHA Financing (This is up by 11 from 980 in June 2015)
312 VA Financing (This is up by 34 from 278 in June 2015)


Call Makea Turner To learn more about the Las Vegas Real Estate market (702) 542-1883


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