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Las Vegas Homes Blog

Las Vegas real estate blog with market conditions, news and availability of Las Vegas homes and condos as presented by RE/MAX Associates.

Saturday, December 09, 2006

National Association Of Realtors Releases Third Quarter Reports

Last Monday the National Association of Realtors released its sales report for the third quarter.

According to the report, nationally the total number for sales of existing single family homes, condos and co-ops were down 12.7 percent.

There were some areas that were hit harder than others, Nevada taking the top spot.

Sales in Nevada were down 38 percent. Nevada was followed by Arizona, Florida, California, Hawaii and Virginia in ascending order.

The report also showed that condo prices had dropped more than single family homes with the national median at nearly $223,000 in the third quarter.

This is down just over 2 percent from the same time last year. Local Las Vegas real estate experts say that not all is doom and gloom however.

There are some markets that are soaring, one of those being Oregon which takes home the trophy for the best performing market in the country. Prices there skyrocketed almost 25 percent higher from a year earlier.

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