Buoyed by record level of absentee purchases and continued strength in the sub-$200,000 market, Las Vegas home sales rose to heights not seen in March for six years.
Meanwhile, a Nevada law is drastically reducing the pace of foreclosures spanning the state.
In March, 5,020 new and resale houses and condos sold in Las Vegas-Paradise metro area, up 18.4% above February 1.4% a year earlier, according to San Diego-based DataQuick.
A jump in sales between February and March is normal. On average, sales have risen 28.4% between the two months since 1994. March sales were 2% above the average number sold during that month, and were the highest for a March since 2006, when 8,486 homes sold.
