Las Vegas builders selling more houses, but prices barely budge, report shows
A for sale sign is displayed in front of a downtown home Tuesday, Jan. 19, 2016, in Las Vegas. David Becker/Las Vegas Review-Journal
Las Vegas builders are selling more houses and pulling more permits than they were last year, though prices are up only slightly, a new report shows.
Builders closed 878 new-home sales in Clark County in September, bringing the year’s tally to 5,642. That’s up 14 percent from the same nine-month period in 2015, according to Las Vegas housing tracker Home Builders Research.
Builders also pulled 678 new-home permits last month, bringing the year’s sum to 6,765, up 11.2 percent from the same period last year.
The median sales price of September’s closings was $322,768. That’s up 1 percent year-over-year and “a nice rebound” from two consecutive months of sliding prices, Home Builders Research reported.
