Home Prices Leveling Out
Las Vegas homes prices have obviously flattened out due to the market shifting into a buyer’s market. Also new home permits have dropped substantially, a dramatic change of pace from the overly saturated market of just over a year ago.
Local real estate experts say that this is a reflection of the soft housing market in Las Vegas.
According to the latest survey the median price of resale Las Vegas home in September was $285,000. Looking back a year we see that this is exactly the same as it was a year ago. According to Home Builders Research this is a preview of the where the market is heading.
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