Realtors: Vegas home sales already pacing record numbers - FOX5 Vegas - KVVU

Realtors: Vegas home sales already pacing record numbers

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LAS VEGAS (FOX5) -

Home sales in the Las Vegas area improved in January in comparison to numbers during the same month in 2011.

The Greater Las Vegas Association of Realtors said 3,591 single-family homes and condominiums were sold in the first month of 2012. That's an improvement of nearly 400 homes from Jan. 2011.

Last month's total was still down from Dec. 2011's total of 4,250. The realtors' association said January is traditionally a slow sales month.

The association also reported median price of homes sold in January was $118,000, which was down from $120,000 from the month before and from $125,000 a year before.

"We continue to sell existing homes at a record pace and at bargain prices," said GLVAR President Kolleen Kelley. "Our statistics for January also showed that fewer homes were available for sale, especially bank-owned homes."

Meanwhile, the association touted 2011's record numbers. A total of 48,186 local properties were sold last year, which broke the previous mark of 46,879 in 2009.

Kelley said the first month's home sales gives the potential of another record breaking year in 2012.

For more information on home sales in the Las Vegas area, visit www.lasvegasrealtor.com.

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