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Calculated Risk: Las Vegas Real Estate in December: Sales up 27% YoY, Inventory down 38% YoY

1/06/2021 09:31:00 AM This report is for closed sales in December; sales are counted at the close of escrow, so the contracts for these homes were mostly signed in October and November. LVR reported a total of 4,097 existing local homes, condos and townhomes were sold during December. Compared to the same time last year, December sales were up 26.7% for homes and up 30.9% for condos and townhomes. According to LVR, the total number of existing local homes, condos, townhomes and other residential properties sold in Southern Nevada during 2020 was 41,617. That’s up from 41,269 total sales in 2019. By comparison, LVR reported 42,876 total sales in 2018 and 45,388 in 2017.

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