August 2017 Single Family Residential (SFR) closed sales were up 4.2% from July and 5.1% better than August 2016.
Year to date 2017 closed sales are now up 10% over 2016.
The median closed sales price of a SFR remained flat at $260,000 while the average closed sales price of an SFR dipped to $294,696 for a 2.86% decrease.
Residential resale activity was brisk again in August leaving us with approximately 1.7 months of inventory.
SFR closings, Condos/Townhome closings, Hi-Rise sales closings and Luxury Sales closings continued to make gains as well.
Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052
With over 30 years of experience helping families call Las Vegas "home!"