The number of homes on the market for sale in Southern Nevada in August jumped 37 percent compared to the same month last year, according to the latest data from trade association Las Vegas Realtors.

Roughly 7,206 single-family homes were on the market for sale at the end of August without any sort of offer, according to LVR, which pulls its data from the Multiple Listing Service, where the vast majority of homes are listed for sale. This is on top of an additional 2,560 condos and townhomes on the market, a 56.1 percent jump from August of last year.

Home sales were down 14.2 percent in August year over year, according to LVR. Sales of condos and townhomes are down 15.4 percent year over year.

Home prices in Southern Nevada also dropped just below record highs in the month of August, a

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