Home sales in the Las Vegas up compared to November last year

The Greater Las Vegas Association of Realtors announced that while home sales decreased slightly from October to November they are up from this time last year. Home sales rose from 2,575 in November 2008 to 3,843 in November 2009.

GLVAR is also reporting that the median price of single-family home has also gone up .6% in the last month.

Latest Housing Statistics in Las Vegas:

• Local homes purchased with cash in November – 41%
• Home sales in November that were bank-owned – 61%
• Homes listed for sale without offers – 8,385
• Condos / townhomes listed without offers – 1,826
• Total condos/ townhomes listed for sale at the end of November – 4,788
• Total Homes listed for sale at the end of November – 20,847 home
• Mortgage delinquency rates up 9.64 percent in the third quarter
• Almost half of all current existing-home sales in Las Vegas are foreclosures.