According to a recent Associated Press story, the housing market rebound is not without its own problems, namely a lack of inventory for potential homebuyers. Here’s a look at the situation in Las Vegas, through some interesting stats:
$167,000
Median home price in the Las Vegas Valley in April.
30%
Increase in Las Vegas home prices from March 2012 to March 2013.
10%
Increase in home prices nationwide during the same time period.
50%
Increase in new home permits in the Las Vegas Valley during the same time period.
10%
Las Vegas homes purchased by investors since January 2012.
13,881
Single-family homes listed for sale at the end of April, down 22.4 percent from one year ago
59.3%
Homes sold in April that were purchased with cash.
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