Trend Continues: Home Sales Up, Prices Fall
The Greater Las Vegas Association of Realtors reported that the year’s trend of increasing home sales combined with falling prices continued in April. Again, to no one’s surprise, the driver of these trends is the fact that more than half of all homes sold last month were either bank-owned or short sales. The median price of a single family home fell 3 percent from March to April, and is down a whopping 22.7 percent from April of 2007.
Tags: Economy, home sales, Real Estate
Categories: Economy, Real Estate