Las Vegas resale housing numbers down some in August

Southern Nevada - with communities of Henderson, Summerlin, Green Valley, Sunrise Manor and North Las Vegas - real estate market slowed up slightly as the summer progressed, in fact to no surprise. July was already a little weaker than the several previous months that had been increasingly strong. Mortgage rates remain very desirable, as do home prices, but even these factors weren't enough to prevent a cautious slide down.

GLVAR, or Greater Las Vegas Association of Realtors, tells the world this time that 3,229 single-family houses were sold in August, a 14% drop from July. That's one thing, while the other is that in August of last year the sales number was merely 2,545, so in that comparison the action this year is still rather good.

Please click on the link to read the entire blog.