{"id":6307,"date":"2024-11-15T10:25:21","date_gmt":"2024-11-15T10:25:21","guid":{"rendered":"https:\/\/www.foreclosurelistings.com\/news\/?p=6307"},"modified":"2024-11-15T10:26:02","modified_gmt":"2024-11-15T10:26:02","slug":"annual-drop-in-home-and-condo-sales-in-las-vegas","status":"publish","type":"post","link":"https:\/\/www.foreclosurelistings.com\/news\/foreclosure-market\/annual-drop-in-home-and-condo-sales-in-las-vegas","title":{"rendered":"Annual Drop in Home and Condo Sales in Las Vegas"},"content":{"rendered":"<p><span style=\"font-weight: 400\">A report from the past month by Las Vegas Realtors, a major real estate agency in the city, indicates that house and condominium prices in Las Vegas reached a new record this past month.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to this agency, the median price of existing single-family homes sold in Southern Nevada last month was $479,900, showing a 6.6% increase from $450,000 in the same month of 2023, very close to its all-time high of $482,000, a record set in May 2022.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As for condos and townhomes, their median price was $299,500, 10.9% higher than the $270,000 in 2023, surpassing the previous record of $296,000 recorded in July 2024.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Merri Perry, president of Las Vegas Realtors, one of the city&#8217;s leading real estate agencies, mentioned that mortgage interest rate cuts should continue to help the real estate market. She said, &#8220;The interest rate cut announced by the Federal Reserve can only help the real estate market,&#8221; as while I don&#8217;t think this will have a dramatic impact, it certainly helps people, especially potential home buyers.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400\">In a recent report up to the end of September 2024, a total of 2,277 homes and condos were sold in Las Vegas, indicating a 1.6% drop in home sales compared to September 2023. The sales pace in September was equivalent to a housing supply of just over three months, compared to just over two months in the same period last year.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Sales of distressed properties, including short sales and foreclosures, remained near historic lows, representing only 0.8% of all property sales in September, compared to 1.3% the previous year.<\/span><\/p>\n<p><b>Available foreclosures:<\/b><\/p>\n<p><span style=\"font-weight: 400\">Las vegas: 18 homes available.<\/span><\/p>\n<p style=\"text-align: right\">By El\u00edas DaSilva | 15 de Noviembre de 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A report from the past month by Las Vegas Realtors, a major real estate agency in the city, indicates that house and condominium prices in Las Vegas reached a new record this past month. According to this agency, the median price of existing single-family homes sold in Southern Nevada last month was $479,900, showing a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":6308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1,170,230,151],"tags":[],"_links":{"self":[{"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/posts\/6307"}],"collection":[{"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/comments?post=6307"}],"version-history":[{"count":2,"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/posts\/6307\/revisions"}],"predecessor-version":[{"id":6310,"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/posts\/6307\/revisions\/6310"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/media\/6308"}],"wp:attachment":[{"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/media?parent=6307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/categories?post=6307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.foreclosurelistings.com\/news\/wp-json\/wp\/v2\/tags?post=6307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}