Las Vegas homebuilders thriving amid ‘buying frenzy’

Las Vegas homebuilders had their best first quarter in a decade this year amid a “buying frenzy,” a new report says. Builders closed 1,058 new-home sales in Clark County last month, putting the first-quarter total at 2,401. That’s up 17.1 percent from the same quarter last year, Home Builders Research reported Thursday. The median sales price of last month’s closings was $357,195, up 8 percent from a year earlier.

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Source: Las Vegas Review-Journal

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