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As We See It

By the numbers: A local look at the housing market rebound

According to a recent Associated Press story, the housing market rebound is not without its own problems, namely a lack of inventory for potential homebuyers. Here’s a look at the situation in Las Vegas, through some interesting stats:

$167,000

Median home price in the Las Vegas Valley in April.

30%

Increase in Las Vegas home prices from March 2012 to March 2013.

10%

Increase in home prices nationwide during the same time period.

50%

Increase in new home permits in the Las Vegas Valley during the same time period.

10%

Las Vegas homes purchased by investors since January 2012.

13,881

Single-family homes listed for sale at the end of April, down 22.4 percent from one year ago

59.3%

Homes sold in April that were purchased with cash.

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