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.

This entry was posted on Tuesday, May 6th, 2008 at 11:25 am and is filed under Economy, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.