Las Vegas-area home sales fell below a year earlier for the sixth consecutive month in November as a big jump in sales between $200,000 and $500,000 couldn’t compensate for a decline in sub-$200,000 transactions. The market’s rebalancing, including more move-up buying and fewer foreclosure resales, helped the median sale price rise year over year for the eighth consecutive month, a real estate information service reported.
In November, 4,118 new and resale houses and condos closed escrow in the Las Vegas-Paradise metro area (Clark County). That was down 9.9 percent from the month before and down 7.7 percent from a year earlier, according to San Diego-based DataQuick. The firm tracks real estate trends nationally via public property records.