April 2015 Market Update

Based on data obtained by the Greater Las Vegas Association of REALTORS Multiple Listing Service, there were a total of 3,156 unit closings in April 2015 within the Las Vegas and Henderson areas.  This data does not take in account any closings outside of Las Vegas and Henderson areas such as Moapa, Pahrump, Boulder, etc.

According to the data, of the 3,156 Total Closings, 84.5% were Traditional Sales, 8.3% were REO and Foreclosure Sales and 7.2% were Short Sales.

32% of the units sold with conventional loans; Cash buyers were a close second with 29.7% sales and FHA loan buyers with 28.2% coming in third. And, VA financing buyers represented 8% of the closings.

Over 25% of sales for April 2015 were for homes within the $150,001-$200,000 price range.