When Nevadans started to realize they were at the epicenter of a full-blown foreclosure crisis in 2007, riding a rising wave of loan defaults that eventually turned into auctions and bank repossessions, they didn't really understand what was in store for the real estate market. In the valley today, foreclosure sales largely outpace regular sales, and they drive the median price of single-family homes down considerably — by roughly $25,000 in February.
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Other recent LV posts:
Las Vegas Housing Crash Continues - Feb 09
Las Vegas: Lady Luck has run out - Mar 09
Las Vegas Housing Update - March 09
4 comments:
Very clear graph and wonderful information. Thanks for sharing your information. These charts would help me.
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Las Vegas housing market...calling a bottom....right....now...10/10/09.
Now would be a great time to buy a house in sin city if you have the money.
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