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Fancy A Gaff In Las Vegas?

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Record home-price fall last quarter

* By Les "Lester" Christie, CNNMoney.com staff writer

* On Wednesday August 12, 2009, 11:52 am EDT

Median home prices fell a record 15.6% during the three months ended June 30, compared to the same period in 2008, according to an industry report.


If you're in the market for a condo in Las Vegas, you may never find a better time. Prices dropped 54.1% compared with the second quarter of 2008 and fell 11.7% between the first and second quarters of 2009. The median price now stands at a bargain basement $66,400.

They are in year 3 of the Big ONe and prices still headed down. We should be catching up soon. Specially with jobs being sadly (tragically) lost by the tens of thousands. :(

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