Las Vegas Home Sale Numbers: Las Vegas Real Estate Market Update

Update to the Las Vegas real estate market. We talk about home sales in Las Vegas as well as the number of cash purchases and types of loans. Most homes were purchased with conventional loans, and very few were FHA or VA loans. None of this data shows that Las Vegas is in a real estate bubble or there will be a real estate market crash.

The surprising number of homes that were purchased with cash or conventional was over 80% of all home purchases. There are almost no short sales or bank owned foreclosures being sold, less than 1% of all purchases. There are also no pre-foreclosures.

This is part of the Las Vegas real estate market update that Todd and Oana do on a monthly basis.

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