Las Vegas Median Price Report Feb.2009

For Sale: Homes 60% Off!  Some even more.  Las Vegas prices continue to drop as the median price of a 1500sf home is nearly 60% off its peak of $295,000 to $123,950.  That’s a monthly payment less than $950.00! Great news for those locked out of the market for the past few years.  2500sf homes dropped more than 7% in the last 30 days after increasing 2% the month before.  February marks the eleventh consecutive month of price declines – but  the end is in sight.

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