|
Existing home prices
have not collapsed.
they have come down to a
more normal pace,
especially compared to
40% to 50% Las Vegas
experienced in 2004.
4,152
single family detached
homes sold in June, 2006, down
24.3% from June 2005.
The $337,250 medium
price for June 2006 is up 17.2% from
June, 2005, when the
median price was
$287,761.
Local analysts predict
median price will
continue to increase
from 8% to 12% for the
remaining 2006 due to
continued pressure of
Las Vegas job growth,
construction costs and
lack of buildable land. |
3 Home Prices
Increase in Las Vegas:
