More Las Vegas Housing charts
Source: Las Vegas Sun
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.
Click chart for sharper image
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