During the third quarter home prices declined, which presents good news for those shopping for Las Vegas real estate.

According to the latest quarterly survey by the National Association of Realtors conditions for buyers improved. With a decline in home and metropolitan prices and the reduced sales activity the market just got a lot friendlier for buyers.

Also there has been a massive increase in inventory in the Las Vegas area, with new construction continuing to increase.

The report from NAR showed that the total state existing-home sales were at a seasonally adjusted annual rate of just over 6 million units. This stat shows that there is an almost 13 percent decrease from this time last year.

Stats like these are plaguing most states across the country; however there are at least 10 states that have shown increases in sales activity from a year ago.