Homes for sale in Las Vegas, NV are up in double digits over 2011. Homes that are considered in the median price range in Las Vegas and Henderson are now listed at 12.41 percent higher than one year ago. In October, home prices in Las Vegas were close to flat for the first time in nearly eight months. According to Kolleen Kelley, president of the Greater Las Vegas Association of Realtors, "we sold fewer homes in October than we had listed."
Overall, foreclosures are down in Nevada. That is an accomplishment, considering that Nevada was, at one time, the nation's leader in foreclosures. Notices of default that are new, have fallen 74 percent over the past year. Bank owned inventory is also down- 65 percent.
In light of all the good news, there is a new foreclosure designed that slows down the time it takes to foreclose in Nevada- a record-high of 509 days in August.
The end of 2012 is seeing signs of the housing recovery slowly down just a bit. Las Vegas and Henderson list home prices have declined somewhat over the past three months. This has had an erasing effect of the gains that had been accrued in the middle months of 2012. The median national list price remains at $189,000. Henderson and Las Vegashomes for sale are continuing their battle to raise the property values in a market that has seen some of it's worst values, ever.