Tuesday, February 22, 2011

Price of existing homes drops to 20-year low in Las Vegas

New home sales in January and the price of existing homes tumbled to their lowest level in two decades in Las Vegas.
SalesTraq reported the median price paid for existing homes in January was $109,000, down 9 percent from the $120,000 paid in January 2010 -- and the lowest price since 1991. The median price was $114,500 in December, the firm reported.  Read more... http://www.lasvegassun.com/news/2011/feb/22/price-existing-homes-drops-20-year-low-las-vegas/

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