There is some optimism in the dry desert air that the Las Vegas real estate market is hitting bottom. At long last. Perhaps. It's still too early, though, to go into any definitive announcements about that. The patient's vital signs do remain quite mixed, that's why.
In any case, 3,198 single-family homes were closed in April, as was reported by GLVAR, or Greater Las Vegas Association of Realtors. In the year-to-year comparison that adds up to a big leap of over 78% and on a month-to-month basis it translates into a solid 7% gain from March. These numbers warm a lot of hearts in the struggling desert valley. Downright affordable prices are drawing scores of buyers to the housing bazaar here, amply bolstered by still low-flying mortgage interest rates.
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