Median existing-home prices slide to '98 level

Smith, Hubble
June 2009
Las Vegas Business Press (10712186);6/1/2009, Vol. 26 Issue 22, pP21
The article reports a decline in the median price of an existing home in Las Vegas, Nevada to $125,000 in April 2009. The median closing price of homes that were not owned by banks was placed at $145,000, while the median closing price of real estate-owned homes was only $115,000. According to housing analyst Larry Murphy of SalesTraq, there is no clear evidence to show that existing home pricing is near the bottom.


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