Tuesday, April 08, 2008

Media report on Vegas housing market...

From this article linked here.

More than half of Las Vegas home sales in March were foreclosures or short sales, the president of Greater Las Vegas Association of Realtors said Monday.

The association reported 1,478 escrow closings for single-family homes during the month, a 34.6 percent increase from February. It was the third straight monthly increase. Sales are down 7.9 percent from the same month a year ago.

Read the whole thing.

My preliminary report for Kingman in March shows an increase in unit sales over last month and last year in March. Good news... yes.

But... that is where the the good news (depending on how you look at it) ends.

I read reports about the 'bottom' forming in the housing markets in places... well... we have what appears to be a cliff forming. Check back to see how prices are falling... fast.

No comments: