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Report: Home sales in Las Vegas declined in November

Posted at 9:26 PM, Dec 17, 2018
and last updated 2018-12-18 00:35:08-05

LAS VEGAS (KTNV) — Home sales in Las Vegas declined in November, according to a recent report.

Re/Max released its national housing report for November recapping the month.

The drop in sales was reported along with housing inventory up 30 percent from this time last year.

“Our market is slowing down. But it’s still doing quite well. Instead of doing 30 mph over the speed limit, we're doing 15 mph over,” said Tim Kuptz, agent at Re/Max Advantage.

The median sales price is holding at $275,000, according to the report, which is up 12 percent year over year.

Homes spent about 34 days on the market in November.