Las Vegas Area May Home Sales

Las Vegas, CA – June 30, 2011 – (RealEstateRama) — Las Vegas region home sales held at a five-year high last month, rising modestly from both April and a year earlier as sales of distressed properties continued to account for nearly 70 percent of the resale market. Price measures moved little month-to-month but the declines from a year earlier steepened amid higher levels this year of foreclosure resales and sub-$100,000 transactions, a real estate information service reported.