Home sales remained flat for the third consecutive month in Las Vegas during June, falling by 406 sales from May and falling below the previous year’s sales for the first time in twelve months according to the latest data released from DataQuick.
A total of 4,423 new and resale houses and condos closed escrow in the Las Vegas-Paradise metro area in June. Sales were 8.0 percent lower than the 4,830 homes sold in May and were 15.6 percent lower than the 5,262 homes sold in June of 2011.
Home sales in the region typically increase 8.6 percent between May and June and were 16.0 percent below the average number of homes typically sold during the month.
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