Encouraging Statistics for Las Vegas
The annual MLS statistics for homes sold through the Multiple Listing Service (resale homes) shows average prices are up, even though volume is still down. The stats actually show that while peaky, volume in general has increased.

This could be due to investors finally realizing what a great time it is to buy in Las Vegas. Especially if you don't have to SELL an existing home in this market to get the job done.

It is also very nice to be able to point to statistics that clearly show that our market isn't sliding back as far as pricing goes.

We will still see spikey sales prices, especially as more foreclosures come onto the market, but as a whole it seems the Las Vegas Housing Market is reflecting the good health of the Las Vegas Economy as a whole.

I firmly believe that those who see the potential right now and pick up investment properties will really benefit greatly in 2009 when the $30 billion dollars worth of construction is finished on the strip. When you consider that for every hotel room added, 1.5 to 1.8 jobs are created there is going to be a demand for housing and not just home ownership, but rental housing as well.

Again, it's a great time to buy!!!!