The University of Nevada’s Lied Institute for Real Estate Studies recently released a Report on the Nevada Housing Market that indicates growing strength in the housing market. Existing home sales in Nevada increased by almost eight percent in May 2014, and new home sales increased by over six percent, the largest month to month increase for new homes since late 2012. New home sales are now beginning to pick back up – good news for the construction industry.
Overall, home prices in Nevada are stabilizing more and more each month, with new home prices increasing in the southern part of the state. The average new home prices remained stable from April 2014 to May 2014. Read the entire UNLV Lied Institute Report.