The January sales numbers for single family housing are out for Las Vegas, and the results are not surprising– prices and sales are down, with the median sales price dropping 17.3% from $302,000 in January of 2007 to $249,900 in January 2008: [data from GLVAR]
Sales
983 homes sold in Las Vegas in January, up from December’s 879, but down 30% from last year’s 1397. This marks the fourth straight year of declining sales in January. Bank-owned properties are making up a large portion of these sales:
