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Vegas housing recovery fades after 19 months of upbeat activity

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After almost a year and a half of steady growth, the value of single-family homes in Southern Nevada slipped in September. The Las Vegas Review-Journal has more:

The median value for the region fell to $180,000, down 1.1% from $182,000 in August, according to the Greater Las Vegas Association of Realtors.

We knew these rising home prices had to slow down sometime,” said Dave Tina, president of the Greater Las Vegas Association of Realtors. “Home prices and sales usually slow down heading into the holidays and in the winter, so this may be the beginning of more stable prices for the coming months.” 

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