Las Vegas Real Estate Market Update & Resale Home Sales For Dec 2008

ForeclosuresLas Vegas real estate market update and resale home sales for December 2008.  The Greater Las Vegas Association of REALTORS reported median home prices fell 32.7 percent and home sales went up almost 300 percent from a year ago.  Buyers are realizing that it is a great time to buy property.

Good news to report that during this time of economic crisis the monthly residential real estate sales continues to increase.  Traditionally December is a slow month for sales, but not for Dec 2008.

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Las Vegas Real Estate Market Update & Resale Home Sales For Nov 2008

ForeclosuresLas Vegas real estate market update & resale home sales for November 2008.  There were more than 60 percent of homes listed in the multiple listing service as bank owned resale properties.  With 2008 being one of the worst home sales years it will take a while for the market to rebound.

Nationwide news chronicle reports mortgage rates keep dipping.  Many home owners took advantage of the almost 5 percent rate recently and are seeking a home refinance.  Will this be a push the market needs for an economic stimulus?  Or is the worsening economy negated by the benefits of the rates in the very heavy foreclosure glut of Las Vegas Nevada real estate?

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Las Vegas Real Estate Market Update & Resale Home Sales For Oct 2008

ForeclosuresLas Vegas real estate market update and resale home sales for October 2008.  Do we see light at the end of the tunnel?  Home prices seem to have reached the lowest and month to month sales have increased.

Big housing market new this past month was the low amount of only 329 new building permits for North Las Vegas, Henderson and Las Vegas, Nevada.

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Las Vegas Real Estate Market Update & Resale Home Sales For September

ForeclosuresLas Vegas real estate market update and resale home sales for September, 2008.  Falling home prices and a big drop in sales shows a continued weakening of the residential real estate market.

New homes sold in Las Vegas, Nevada for the third quarter was 2,545 units.  Year to date showed a decrease of 50 percent or 2,546 new homes.  The strongest quarter with 11,198 sales was registered in the fourth quarter of 2005.

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