Las Vegas Housing Recovery Slows

Metro Las Vegas’s 19 consecutive months streak of single-family home price increases finally came to an end in September. The median price fell 1.1% from the prior month to $180,000, which is still an impressive 29% annual jump. Dave Tina, president of the Greater Las Vegas Association of Realtors, lent some perspective to the situation: “We knew these rising home prices had to slow down sometime. This may be the beginning of more stable prices for the coming months.”

Of the 14,659 single-family homes that were listed for sale at the end of September, 6,330 homes did not yet have an offer. That number is 12.8% higher than August and a 60% increase from September 2012.

Read more at the Las Vegas Review-Journal