Las Vegas Homes Prices: a Historical Perspective from January 2005 to June 2010
ByThis chart is courtesy of Nevada Title analyzes the median price history of the Las Vegas real estate market from January 2005 through June 2010.
According to the statistics, the Las Vegas real estate market has gained $8,096 since market bottom in January 2010. The time that has passed is 165 days from bottom. That’s a gain of $50 per day on the median price scale. From the peak at $324,000 to the bottom at $132,632, a total of $191,368 in equity was lost by property owners.
At the current rate of equity gain, it would take a little over 10 years to recover the lost equity. In terms of median price, the market should be interpreted as holding at the current levels with a slight positive propensity.
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