Las Vegas Homebuilders See Jump in Sales Prices in January

By ELI SEGALL
LAS VEGAS REVIEW-JOURNAL

Las Vegas homebuilders started 2017 with a jump in sales and prices over the first month of last year.

Builders closed 527 new-home sales in Clark County last month, up 27 percent from January 2016, according to a recent report from Home Builders Research.

The median sales price of last month’s closings was $329,574, up 6.6 percent from a year earlier. Builders also pulled 624 new-home permits in January, up 22 percent.

Home Builders Research founder Dennis Smith called the sales total “a great start to 2017” and the permit tally “a positive indicator.”

To read the full article, please visit: http://www.reviewjournal.com/business/housing/las-vegas-homebuilders-see-jump-sales-prices-january