The number of homes sold in August increased 181% from a year ago, Thats the good news. This surge in sales was driven by the continued influx of bank owned properties being sold. Buyers are still bidding on many of these and in most cases multiple offers are presented. As the median price of homes sold fell to $195,000 the lowest since 2003 many buyers are back in the market.
Despite the current economic news we still see opportunity in the Las Vegas Real estate market. Its chepaer to buy in many cases than rent once again. 