Not Quite Bearish Enough Yet
Susquehanna Financial Group home building analyst Stephen East says the U.S. median selling price for existing Las Vegas homes was $225,000.
This number is down almost 2 percent from last year. Also noted was that existing home sales were down over 12.5 percent from one year ago.
Last year at this time there were 6.3 million Las Vegas homes sold. East says don’t prepare to see the bearish side on the pricing side of housing just yet.
Leave a comment