Single-family home inventory for January stayed flat, announced Greater Las Vegas Association of Realtors or GLVAR, after having declined gradually for four successive months. That can still be categorized as positive news on account it didn't go higher. The market appears to be firming up, possibly managing in the coming months to nurse the numbers further down.
The movement in prices, however, continues to be the sore spot. Single-family house's median price sagged 17.3% from January of 2007, settling at $249,900. Foreclosed homes made up 38% of sales, becoming a major factor to the rather steep drop. Please click on the link in this paragraph to read the entire article.