Tuesday, February 22, 2011
And continue to decline
New home sales in January and the price of existing homes tumbled to their lowest level in two decades in Las Vegas. SalesTraq President Larry Murphy said existing home prices are likely to keep falling. For the last 19 months, home prices have been fluctuating between $115,000 and $125,000, and January marks the first time the median price has fallen significantly out of that range, he said.