According to the latest information released by the Greater Las Vegas Association of Realtors (GLVAR), housing prices are still close to the levels of 2005.  The information is based on data collected through the MLS service.  

The median sales price of a single family home was $310,000 in September. Condos and townhomes came in at an even $200,000.  Both property types show a slight decrease, less than 1%.

The total number of homes sold compared to the same time last year was down by 41%.  Condo sales were also down by 14.5%. The total number of homes for sale reached 20,815, a new record. Despite the slowdown, 55.4% of homes and 61.4% of condos sold within 60 days.

For more information about the Las Vegas housing market, visit our Las Vegas Real Estate website at lvrealty.net.-cr